A new tool to link lending to income levels could soon be developed by the Reserve Bank. Photo / Nick ReedA new tool to link lending to income levels could soon be developed by the Reserve Bank. Photo / Nick ReedThe Reserve Bank is to further restrict lending as it develops a new tool tying debt to income as it warned of a "problem" of too much risky lending. "I believe this agreed wording will set clear public expectations while maintaining the operational independence of the Reserve Bank," Robertson said. "It is still up to the Reserve Bank how it chooses to introduce any restrictions, having had regard to this condition."

Source: New Zealand Herald August 02, 2021 21:43 UTC