NZ prime minister says there's no need for debt to income ratio tool to curb lending

Tue, 15 Aug 2017

By Rebecca Howard Aug. 15 (BusinessDesk) - Prime Minister Bill English ruled out giving the Reserve Bank authority to use a debt-to-income ratio tool as part of a suite of macro prudential tools to prevent a housing market crash and said it should look at removing some of the curbs that are already in place as some of the heat comes out of the market. "We don’t see the need for further tools. Those are being examined and if there was a need for it then we’re open to it but we don’t see the need for it… We won’t be looking at it before th...

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