Reserve Bank asks for DTIs
The RBNZ head has published a response to Robertson's public letter last month, in which Robertson raised fears over house price inflation.
Orr has rejected Robertson's request for the central bank to include house price inflation within its remit.
"Adding house prices to the monetary policy objective would be unique internationally, which could make monetary policy less effective and impact financial market efficiency, by reducing public understanding of the objective of monetary policy," he said.
But the RBNZ governor has suggested a range of new measures to safeguard financial stability, including DTIs.
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