RBNZ Tightens Lending Rules to Counter House Price Increases

RBNZ Tightens Lending Rules to Counter House Price Increases

Mark Coote/Bloomberg

Houses stand in Lyall Bay, a suburb of Wellington, in New Zealand. House prices rose 6.5 percent in March from a year earlier, the fastest annual pace since 2008, according to Quotable Value New Zealand, a government owned property researcher.