RBNZ's Spencer: LVR changes are not an attempt to bolster the housing market

RBNZ Governor Grant Spencer is hitting the wires, via Reuters, noting that first home buyers will benefit from LVR easing.

More headlines

• Expect tighter credit standards to continue
• Dont know when lending limits will be fully removed
• Credit growth, house prices key criteria in review
• Considered LVR loosening in interest rate decision
• LVR changes are not an attempt to bolster the housing market
• We still think DTI's is appropriate to have in the macro-prudential toolkit
• Has agreed with govt to postpone further consideration of DTI's over the next year