Wheeler sees role for debt-to-income restrictions that English says would be 'tricky to implement'

Wed, 30 Nov 2016

By Sophie Boot Nov. 30 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says the central bank would look to introduce debt-to-income (DTI) lending restrictions if it saw house price inflation driven by credit, adding a lever to its macro-prudential toolkit that would hit property investors the hardest. In the bank's six-monthly financial stability report released this morning, deputy governor Grant Spencer confirmed the bank has requested Finance Minister Bill English approve the addition of a DTI tool to its suite of restrictions on...

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