News | Politics
6 Aug 2021 15:33
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  •   Home > News > Politics

    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

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     06 Aug: A big day in New Zealand's industrial history..
     05 Aug: There's upset at a mass transfer of high security prisoners from Christchurch Men's Prison to Otago Corrections Facility
     05 Aug: A call for Christchurch's Burwood Hospital to change its laundering policy in its older persons health ward
     04 Aug: Police won't appeal a High Court ruling that found the way they issue formal warnings has no legal basis
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     Today's News

    Golf:
    Lydia Ko is on the charge during the third round of the Olympic women's golf tournament in Tokyo 15:26

    Entertainment:
    Noel Gallagher will host a new show on Radio X 15:04

    Rugby:
    Halfback TJ Perenara has been called back into the All Blacks squad as cover, after Finlay Christie 14:56

    Entertainment:
    Ramla Ali says the Tokyo Olympics are "reckless" 14:34

    General:
    Coronavirus is surging and vaccines are bottlenecked in Japan. But rapid antigen tests could set Tokyo free 14:16

    Accident and Emergency:
    A person's died after a crash between a truck and car on Tasman's Coastal Highway this morning 14:06

    Business:
    Marsden Point oil refinery is set to be converted to a terminal that only handles imported processed fuels 14:06

    Tennis:
    Rafael Nadal has suffered a shock third round defeat at the Washington ATP tournmaent 14:06

    Entertainment:
    Hilarie Burton says Chad Michael Murray was not responsible for her departure from 'One Tree Hill' 14:04

    Business:
    A significant step toward the construction of the new multi-million dollar Dunedin Hospital 13:46


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