Macro-prudential measures should be made to last – RBNZ’s Spencer


The Reserve Bank of New Zealand should retain the framework for loan-to-value ratio (LVR) restrictions, originally intended as temporary measures, and add “a carefully designed” debt-to-income (DTI) limit to its macro-prudential toolkit, outgoing acting governor Grant Spencer has said.

In a speech in Auckland today (March 13), Spencer said the LVRs “have reduced housing-related risk in the banking system and also helped to ease housing market pressures”.

The tool is also particularly “useful”

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: