'Cautious' Joyce seeks cost-benefit on debt-to-income lending rules

Wed, 08 Feb 2017

By Rebecca Howard Feb. 8 (BusinessDesk) - Finance Minister Steven Joyce wants a full cost-benefit analysis on proposed debt-to-income home lending limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the additional macro-prudential policy tool. New Zealand's housing market has been running hot, spurred by record high immigration and record low interest rates. Over the past several years, the central bank has introduced loan-to-valuation ratios on borrowing for housing, w...

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