Mortgage News

DTIs cost benefit analysis ordered

Wednesday 8th of February 2017

Finance Minister Stephen Joyce has told the Reserve Bank to conduct a full cost-benefit analysis, along with a public consultation, on DTIs before any decision is made on their use.

Joyce said he has discussed DTIs with Reserve Bank governor Graeme Wheeler who is concerned about the levels of debt in some households given recent increases in house prices.

“I have decided that, con...

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