OECD joins IMF in recommending RBNZ adopts debt-to-income restrictions
Updated: The OECD report includes a range of recommendations to help make New Zealand's growth “more sustainable and greener.”
Jason Walls Thu, 15 Jun 2017
A new OECD report recommends the Reserve Bank adds debt-to-income (DTI) limits to its macroprudential toolkit to help deal with high levels of household debt and “rapid” house price growth.
The report – OECD Economic Surveys: New Zealand 2017 – released this morning, includes a range of