A gut feeling that banks may not have learned their lesson around prudent lending is holding Reserve Bank governor Adrian Orr back from easing loan to value restrictions, Lynn Grieveson reports.
In today's email we looked in detail at the Reserve Bank's comments as it loosened LVR restrictions, and at the implications of the new directive to the Overseas Investment Office.
Reserve Bank Governor Grant Spencer was at pains yesterday to portray his slight relaxation of Loan to Value Ratio restrictions as no 'green light' for home buyers and bankers to jump back into a market about to boom again.
The Reserve Bank has announced it will slightly relax its Loan to Value Restrictions (LVRs) on owner occupiers and rental property investors from January 1 because of a moderation in house price inflation.
In toda's email we previewed the Reserve Bank's likely relaxation of Loan to Value Restrictions (LVRs), and why any decision won't be a real game changer for first home buyers.
The Reserve Bank is widely expected to signal a relaxation of its unloved Loan to Value Ratio restrictions on home buyers. Politicians and first home buyers hope any relaxation will help them buy a house sooner, but they should be careful what they wish for, writes Bernard Hickey.
Finance Minister Grant Robertson is hopeful the Reserve Bank will ease restrictions on Loan To Value Ratios for first home buyers, in part because other measures being taken by the Government to take pressure off house prices could give the regulator room to breathe easier.
In this morning's email we dig into the detail of Acting Reserve Bank Governor Grant Spencer's first MPS and press conference and what it might mean for new Finance Minister Grant Robertson's reform plans.
In today's email we preview the crucial first debate between Jacinda Ardern and Bill English.
In this email we wrap up yet another surprising day in Parliament.