The recovery in dairy commodity prices since mid-2016 has helped to reduce bank non-performing loans in the sector
Will monitor the impact of these changes and will only make further lvr adjustments if financial stability risks remain contained
The reserve bank is undertaking a modest easing of the lvr restriction from jan 1 2018
Pressures in the housing market have continued to moderate due to the tightening of lvr restrictions
Housing market policies announced by the government are also expected to have a dampening effect on the housing market