RBNZ prepares to add debt-to-income limit to property toolkit - doesn't expect to use it

Wed, 31 May 2017

By Rebecca Howard May 31 (BusinessDesk) - New Zealand's central bank expects to publish a consultation paper within the next couple of weeks to add debt-to-income limits to its suite of macroprudential tools but it may not actually need them. “The paper is with the finance minister at the moment and he has a couple of weeks to look at the paper and express any views. I suspect the paper will be released in the next couple of weeks,” Reserve Bank Governor Graeme Wheeler said at a media conference to present the bank’s twice-yearly financia...

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