RBNZ starts consultation on debt servicing restrictions

Tue, 23 Nov 2021

The Reserve Bank is calling for submissions on the merits and design features of proposed debt servicing restrictions (DSRs) on bank mortgage lending."We are not proposing to implement debt serviceability restrictions at this time, but we want to prepare for implementing them in case financial stability risks warrant it," said deputy governor and head of prudential regulation Geoff Bascand."We use macroprudential tools to reduce the financial stability risks associated with 'boom-bust' cycles in the economy. This in turn...

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