It is also considering extending loan payment deferrals beyond the existing six-month periods
It reaffirms its commitment to keep the OCR at the current level
Amount borrowed by Aucklanders is more than five times the annual income of the borrowers
She advises the government to review policies hindering the sector's recovery
Lockdown restrictions would still make it difficult for businesses to operate profitably
However, it leaves the door open to lower or negative rates
"New Zealanders are starting to turn their minds to the future"
The regulator says the advice had "the potential for significant harm"
This version is "better suited to the learning needs" of new and experienced advisers