- Low-deposit loans 5.6% of total new lending (7.0% prior)
- Fell to NZ$252 million (vs. NZ$311 million in November)
- Total new loan commitments rose NZ$4.51 bn (vs NZ$4.43 bn)
NZD down marginally on the data release. To the extent that the LVR restrictions are impacting on house price rises the data can be read as slightly reducing the pressure on the RBNZ to hike rates.
