OECD urges RBNZ to adopt debt-to-income restrictions
OECD recommends RBNZ adopt debt-to-income restrictions
The Organisation for Economic Co-operation and Development (OECD) is recommending the Reserve Bank of New Zealand (RBNZ) add debt-to-income (DTI) limits to its macro-prudential toolbox to mitigate the financial system risks posed by surging house prices.
In its economic survey report published on June 15, the OECD finds that the major vulnerability of the New Zealand economy is the “high levels of household debt associated with rapid house price increases”.
The organisation suggests the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Taking stock of Bernanke: the original sin of forecasting
- Fed policy-makers disagree over risks
- Central bank of the year: Central Bank of Brazil