Grant Spencer

Type: Person
Name: Grant Spencer
Title: Assistant Governor and Head of Economics Department - Reserve Bank of New Zealand (New Zealand)
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

'OCR might be near 4% without LVR rules'

Loan-to-value restrictions may have allowed the monetary policy tightening cycle to start later than it otherwise would have – and the OCR could be up to 50bps higher now without them, the Reserve Bank says. In an article in its latest Reserve Bank Bulletin, ... [Published Good Returns - Jul 01 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

SPORTS: Best in Show, Part I: Best Male Athlete, Best Female Team

We also have more stories about:(click the phrases to see a list)DAILY REPORTER SPORTS EDITOR BRIAN HARMON & SPORTSWRITER GRANT FREKING SELECT THEIR FAVORITE PLAYERS, TEAMS & MOMENTS FROM THE 2013-14 PREP CAMPAIGNBEST MALE ATHLETEBrian: CHAD REDUndefeated ... [Published Greenfield Daily Reporter - Jul 01 2014]
Entities: Sport, Grant Spencer, Chad
First reported Jun 10 2014 - Updated Jun 10 2014 - 1 reports

Class of 2014: The Haverford School

The Haverford School’s 130th commencement ceremony for the class of 2014 took place at the school’s field house on FridayStudent Body President Peter Blynn addressed attendees and the 101 members of the graduating class are: Colin Murray Adams, Gavin ... [Published Delco Times - Jun 10 2014]
First reported Jun 05 2014 - Updated Jun 05 2014 - 1 reports

Innovative Rig on The Street: Delton's Dream Pumper

When it comes to innovative apparatus, you know you’ve got one when there’s nothing else like it in the country. That’s what the firefighters with the Delton, Mich., Fire Department have come up with.The apparatus is equipped with a one-of-a-kind rear ... [Published Firehouse.Com - Jun 05 2014]
First reported Jun 04 2014 - Updated Jun 04 2014 - 1 reports

Editorial: How the land lies

The Government’s apparent lack of interest in collecting more informative data about the impact of immigration has a worrying nose-to-spite-face appearance.Housing Minister Nick Smith says we already know enough about the impact of immigrants on the housing ... [Published New Zealand Listener - Jun 04 2014]
First reported May 22 2014 - Updated May 22 2014 - 1 reports

New Zealand, China renew bilateral currency swap line

WELLINGTON, May 22 (Xinhua) -- The central banks of China and New Zealand on Thursday announced the renewal of a reciprocal currency arrangement to support the settlement of bilateral business deals.The swap line was first agreed by the People's Bank ... [Published Xinhua News Agency - May 22 2014]
First reported May 12 2014 - Updated May 12 2014 - 1 reports

LVR restictions behind 20% drop in house sales

Harsher restrictions on mortgage lending are behind the 20% drop in house sales last month, according to a real estate expert.The number of houses sold by real estate agents fell to 5,670 in April, from 7,104 in the same month last year, according to ... [Published ONE News - May 12 2014]
First reported May 11 2014 - Updated May 11 2014 - 1 reports

Outgoing BNZ CEO Andrew Thorburn on Q+A

SUSAN The Reserve Bank says its restrictions on low deposit borrowers could be removed by the end of the year. Deputy Governor Grant Spencer told a business audience this week that pressure in the housing market has eased but the bank's still concerned ... [Published Scoop NZ - Business - May 11 2014]
Entities: Grant Spencer
First reported May 08 2014 - Updated May 09 2014 - 3 reports

LVR limits will stay say Reserve Bank

The Reserve Bank says it won't start lifting restrictions on home loans with small deposits any earlier than late this year.The limits are cooling demand in the country's housing market, deputy governor Grant Spencer says. He says the restrictions have ... [Published ONE News - May 08 2014]
First reported May 09 2014 - Updated May 09 2014 - 1 reports

In New Zealand, Mortgage Lending Regulations Start to Bite

The skyline of Auckland, New Zealand.Agence France-Presse/Getty Images Six months after New Zealand’s central bank imposed experimental restrictions on mortgage lending, the program appears to be succeeding in slowly letting the air out of the nation’s ... [Published WSJ.com: Real Time Economics - May 09 2014]
First reported Apr 29 2014 - Updated Apr 30 2014 - 1 reports

Low deposit mortgages tumble under new rules

Bank loans to low-deposit house buyers have fallen more than expected under Reserve Bank lending restrictions introduced last year.Since last October, banks have been required to restrict their high loan-to-value (LVR) mortgage lending to no more than ... [Published ONE News - Apr 29 2014]
First reported Mar 31 2014 - Updated Mar 31 2014 - 1 reports

New Zealand’s Dairy-Led FX Rally Could Sour

New Zealand has become a market darling as China’s soaring demand for milk propels New Zealand’s exports and economy . Exports jumped 17% year-on-year in February, helping to push the New Zealand dollar to its highest level since August 2011. But ... [Published WSJ.com: Real Time Economics - Mar 31 2014]

Quotes

"However, we will need to be confident that immigration pressures will not cause a resurgence of house price inflation," says Spencer. "we consider that the earliest date for beginning to remove the lvr restrictions is likely to be late in the year."
...uncertainty is the future path of the exchange rate, which has a major bearing on traded goods prices and overall economic activity," Spencer said. "the more downward pressure that the exchange rate exerts on prices and activity, the less pressure will need to be exerted by interest rates."
"the volume of house sales has dropped considerably across the country, other than in canterbury, and the slowdown in volume has also been reflected in prices. without the loan to value ratio restrictions (lvrs), introduced in october 2013, annual house price inflation might be running some 2.5% higher" Mr Spencer said
"our initial assessment is that restrictions on high lvr lending helped reduce house price inflation" says Deputy Governor Grant Spencer

More Content

All (15) | News (11) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
'OCR might be near 4% without LVR rules' [Published Good Returns - Jul 01 2014]
SPORTS: Best in Show, Part I: Best Male Athlete... [Published Greenfield Daily Reporter - Jul 01 2014]
Class of 2014: The Haverford School [Published Delco Times - Jun 10 2014]
Property Report: LVR: Here to stay? [Published New Zealand Herald - Jun 08 2014]
Innovative Rig on The Street: Delton's Dream Pu... [Published Firehouse.Com - Jun 05 2014]
Editorial: How the land lies [Published New Zealand Listener - Jun 04 2014]
New Zealand, China renew bilateral currency swa... [Published Xinhua News Agency - May 22 2014]
LVR restictions behind 20% drop in house sales [Published ONE News - May 12 2014]
Outgoing BNZ CEO Andrew Thorburn on Q+A [Published Scoop NZ - Business - May 11 2014]
In New Zealand, Mortgage Lending Regulations St... [Published WSJ.com: Real Time Economics - May 09 2014]
LVR limits will stay say Reserve Bank [Published ONE News - May 08 2014]
Mortgage rules may go by end of year [Published ONE News - May 08 2014]
RBNZ to keep LVR limits until late this year, S... [Published Scoop NZ - Business - May 08 2014]
Low deposit mortgages tumble under new rules [Published ONE News - Apr 29 2014]
New Zealand’s Dairy-Led FX Rally Could Sour [Published WSJ.com: Real Time Economics - Mar 31 2014]
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sort by: Date | Relevance
Outgoing BNZ CEO Andrew Thorburn on Q+A [Published Scoop NZ - Business - May 11 2014]
SUSAN The Reserve Bank says its restrictions on low deposit borrowers could be removed by the end of the year. Deputy Governor Grant Spencer told a business audience this week that pressure in the housing market has eased but the bank's still concerned ...
In New Zealand, Mortgage Lending Regulations St... [Published WSJ.com: Real Time Economics - May 09 2014]
The skyline of Auckland, New Zealand.Agence France-Presse/Getty Images Six months after New Zealand’s central bank imposed experimental restrictions on mortgage lending, the program appears to be succeeding in slowly letting the air out of the nation’s ...
RBNZ to keep LVR limits until late this year, S... [Published Scoop NZ - Business - May 08 2014]
May 9 (BusinessDesk) - The Reserve Bank won’t start lifting restrictions on home loans with small deposits any earlier than late in the year, with the limits cooling demand in the country’s housing market, deputy governor Grant Spencer says. ...
New Zealand’s Dairy-Led FX Rally Could Sour [Published WSJ.com: Real Time Economics - Mar 31 2014]
New Zealand has become a market darling as China’s soaring demand for milk propels New Zealand’s exports and economy . Exports jumped 17% year-on-year in February, helping to push the New Zealand dollar to its highest level since August 2011. But ...
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