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The Reserve Bank of New Zealand is removing some of the temporary liquidity facilities put in place at the start of the COVID-19 pandemic, saying market conditions have improved and banks have not bee.. read more

The New Zealand Government has responded to the worsening home affordability crisis by widening the Reserve Bank of NZ’s remit, and is considering restrictions on interest-only mortgages and the intro.. read more

CBA’s New Zealand subsidiary ASB Bank has increased its minimum deposit requirements for residential property investors, in the face of a still-raging housing market and demand from investors. read more

NAB’s Kiwi subsidiary, the Bank of New Zealand, has been warned by the Commerce Commission over “likely responsible lending failures” and failures to provide timely and accurate information to borrowe.. read more

The Reserve Bank of New Zealand has launched an independent inquiry into how it accidentally sent details of its new money-printing and lending programme to non-banks 45 minutes before the 2pm embargo.. read more

ANZ New Zealand, which is the country’s biggest mortgage lender, has joined ASB Bank in restricting highly leveraged lending to property investors. read more

ASB, the Commonwealth Bank’s Kiwi subsidiary, is not waiting for the Reserve Bank to bring back loan to value restrictions, and has moved immediately to increase the minimum deposit required from inve.. read more

With a housing boom showing no signs of abating across the Tasman, the Reserve Bank of New Zealand has announced it will bring forward the re-introduction of LVR controls. But its decision to hold off.. read more

The RBNZ says New Zealand’s banks remain in a good position despite yesterday’s GDP result (a 12.2 percent drop between April and June) and the fact the country is now in recession for the first time.. read more

The New Zealand Government’s business finance guarantee scheme has been extensively revised after flopping at the first attempt, with only NZ$150 million in qualifying loans extended by banks. read more