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RBNZ wary of pick-up in housing market

Posted on 06 December 2012

The Reserve Bank is keeping a watchful eye on the country’s property market, which has started heating up as low mortgage rates and easier lending criteria encourage first-home buyers.
RBNZ governor Graeme Wheeler, who held the official cash rate at 2.5% today, says the housing market, particularly Auckland, is starting to strengthen with cheaper bank funding costs leading to increased competition and lower mortgage rates………………………………………..Full Article: Source


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