Mortgage News

RBNZ asks for DTI tools

Wednesday 30th of November 2016

The Reserve Bank has asked the Minister of Finance, Bill English, to agree to add a Debt to Income (DTI) tool to the Memorandum of Understanding on macro-prudential policy. 

"While the bank is not proposing use of such a tool at this time, financial stability risks can build up quickly and restrictions on high-DTI lending could be warranted if housing market imbalances were to deter...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.