RBNZ: Possible will phase out LVR limits rather than remove at once

FXStreet (Bali) - According to the RBNZ, in a headline carrief by Reuters, it is possible they will phase out LVR limits rather than remove them all at once.

May 14, 2014

Session Recap: USD rises again despite data

The US dollar was the best performer across the board on Tuesday despite a weak retail sales report in the US.

RBNZ's Wheeler: Rate rises will help damp house price inflation

RBNZ’s Governor Wheeler, in a press conference following the release of the RBNZ’s Financial Stability Report, said that "rate rises will help damp house price inflation." Meanwhile, Grant Spencer (RBNZ Deputy Governor), said that the RBNZ "is keeping options open on when to remove house lending limits", while adding that "its possible that limits will be phased out rather than removed all at once."