9 November – The RBNZ has kept Official Cash Rate unchanged at 1.75 percent.
Here are the 3 takeaways from the Governor’s speech:
- The RBNZ is not looking to introduce any further restrictions to cool down the housing market.
- Although the LVR ratio requirement is not likely to removed any time soon, the RBNZ is unlikely to introduce debt to income requirement to get a home loan.
- Low house inflation is likely to continue due to reduced demand, tightening credit standards, and the government’s housing policy.