New Zealand says to impose house lending limits from October

New Zealand’s central bank on Tuesday moved to rein in a hot housing market to prevent a potential bubble, imposing its long-threatened limits on low deposit-high value house loans and sending the currency tumbling more than a third of a cent.

via Business feed http://www.scmp.com/business/economy/article/1298036/new-zealand-says-impose-house-lending-limits-october