TMM - News

Debt-to-income tool finalised by Reserve Bank

Monday 3rd of April 2023

The framework sets the technical specifications that banks need to comply with if a DTI tool is activated.

When implemented, DTI restrictions on residential mortgage lending set limits on the amount of debt borrowers can take on relative to their income.

By linking credit availability to income growth, DTI restrictions complement other tools the Reserve Bank (RBNZ) uses to suppo...

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