Bill English confirmed this afternoon that the Government was now discussing the measure with the Reserve Bank's governor Graeme Wheeler. Photo / Mark Mitchell
Bill English confirmed this afternoon that the Government was now discussing the measure with the Reserve Bank's governor Graeme Wheeler. Photo / Mark Mitchell
The Government has begun discussions with the Reserve Bank about income-related restrictions on mortgage lending, Finance Minister Bill English has confirmed.
Mr English confirmed thisafternoon that the Government was now discussing the measure with the bank's governor Graeme Wheeler.
Mr Wheeler had not made a formal request for the debt-to-income ratios to be adopted, but had told Government that it wanted to investigate the policy.