WELLINGTON, Nov 25 (Reuters) - The Reserve Bank of New Zealand said on Wednesday it intends to re-impose mortgage lending curbs next year amid growing concerns of a housing bubble in the country.
The Reserve Bank of New Zealand said it plans to resume the loan-to-value ratio (LVR) restrictions on mortgage lending, removed earlier this year, from March 2021.
The bank will consult in December on re-imposing LVR restrictions at their previous settings, it said in the bank's financial stability review.