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30 Jul 2021 18:52
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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

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     Today's News

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    International:
    President Rodrigo Duterte abandons plans to end crucial defence deal between Philippines and the United States 18:36

    Boxing:
    New Zealand is guaranteed medal in men's heavyweight boxing thanks to the powerful punches of David Nyika 18:36

    Entertainment:
    Ryan Adams is "scared" he's about to lose his home 18:16

    Law and Order:
    Wellington Police want to hear from anyone who knows the movements of a local man found dead at his Strathmore Park home 18:06

    Entertainment:
    Lucy Liu claimed Bill Murray "hurled insults" at her during filming 'Charlie's Angels' 17:46

    Golf:
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    Entertainment:
    Travis Barker's daughter calls Kourtney Kardashian her "stepmom" 17:16

    International:
    China hopes it can snuff out a Delta-fuelled coronavirus outbreak with mass testing, longer quarantine and surveillance 17:16

    Law and Order:
    A person is being rushed to hospital after being stabbed in the Auckland suburb of Mount Roskill 16:56


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