NZ Fin Min hints RBNZ considering additional macro-prudential measures

New Zealand Finance Minister Bill English has suggested, with Interest.co.nz reporting on it, that the RBNZ is considering a third round of tighter Loan to Value Ratio (LVR) controls.

The hint comes, as interest.co.nz notes, "in response to another resurgence in the Auckland housing market", adding that the new measures could be announced as soon as tomorrow.

English said: "It's up to the bank. There's still a bit of uncertainty about just what the dynamics of the Auckland market are. The bank has signaled pretty clearly that it takes the issue quite seriously and they've got a range of tools and they're likely to want to use them."