The IMF has backed moves to give the Reserve Bank the power to impose debt-to-income (DTI) ratios on mortgage lending although it says they are not needed immediately.
Speaking after an official visit to New Zealand by an IMF team, mission chief Thomas Helbling said containing household debt was critical to financial stability while the hot housing market was addressed.
from Ellie NZ Rss http://www.stuff.co.nz/business/industries/90142733/IMF-thumbs-up-to-giving-RBNZ-a-tool-to-curb-home-lending
from
https://ellieplume83.wordpress.com/2017/03/07/imf-thumbs-up-to-giving-rbnz-a-tool-to-curb-home-lending/
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