Roosting chorus: DTIs are coming
Reserve Bank will look again at limiting debt to income multiples; It’s proposal to last National Govt was rejected; 10 yr Govt bond yield jumps to 1.0% & NZ$ nears 70USc after Robertson’s letter
TLDR: The Reserve Bank released its half yearly financial stability report today and indicated it would propose debt to income multiple limits to go with the loan to value ratio limits it plans for early next year.
The bank proposed similar DTI limits to the last National Government, but it was rejected. This one will have a better chance, given the Labo…
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