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3 Aug 2021 21:47
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  •   Home > News > Business

    The Government's agreed to add debt-to-income lending restrictions to the Reserve Bank's toolkit..

    The Government's agreed to add debt-to-income lending restrictions to the Reserve Bank's toolkit..


    But, only on the condition it has minimal impact on first-home buyers.

    The move would cap how much someone can borrow based on their income.

    The Reserve Bank's been keen to add it for years -- but only now has the Government given the go ahead.

    Finance Minister Grant Robertson's agreed after advice given last month -- on the condition any implementation avoids impacts on first-home buyers.

    There's no immediate plan to use DTIs -- and it would only happen after a full public consultation.

    © 2021 Newstalk ZB, NZCity

     Other Business News
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     03 Aug: An explanation of the economics behind a developer forking out 4.3 million dollars for a two bedroom brick and tile house in Auckland's Point Chev
     03 Aug: The Finance Minister's adamant new lending rules won't hurt first home buyers
     03 Aug: A new aviation emergency support plan in Otago has achieved lift-off
     03 Aug: The Electric Vehicle market is charging ahead
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