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http://www.scoop.co.nz/stories/BU1312/S00365.htm Reserve Bank right to change Loan to Value Ratio rules Tuesday, 10 December 2013, 2:06 pm Press Release: NZ Manufacturers and Exporters Association RBNZ right to change LVR rules 10 December 2013 Today the Reserve Bank of New Zealand (RBNZ) announced changes to the Loan to Value Ratio (LVR) speed limits, removing the restriction against new residential builds. This is a sensible concession, reducing some of the political pressure on the LVR policy, and supporting expansion of the housing stock. We need more than a simple reliance on interest rates, say the New Zealand Manufacturers and Exporters Association (NZMEA). [....]

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