Reserve Bank reveals extremely high debt-to-income ratios
The Reserve Bank has revealed in its latest bi-annual financial stability report a growing level of mortgage lending at very high debt-to-income ratios.
About a third of new mortgage lending is at debt-to-income ratios (DTIs) above six, the Reserve Bank says.
The central bank is awaiting approval from the Minister of Finance to use DTI restrictions on bank mortgage lending as another tool to ensure financial stability but much of current lending
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Jenny Ruth
Wed, 30 Nov 2016
Wed, 30 Nov 2016
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Reserve Bank reveals extremely high debt-to-income ratios
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