Reserve Bank to ease lending restrictions if risks decline

Sun, 30 Jun 2019

By Paul McBeth July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. Deputy governor Geoff Bascand says the bank's loan-to-value ratio restrictions, imposed in 2013, have made the country's banking system more resilient by limiting the potential impact of a house price collapse. The Reserve Bank is comfortable dialling back the restrictions as the risks to the system have abated...

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