The Reserve Bank is downplaying the impact of new mortgage lending rules they might impose on banks.

It's given the banks until April 2024 to prepare for debt-to-income ratio restrictions to be imposed- but has indicated new changes will be too restrictive.

NZ Herald Wellington business editor Jenee Tibshraeny says DTI restrictions are unlikely to have too much of an impact on prospective borrowers.

LISTEN ABOVE

The Reserve Bank is downplaying the impact of new mortgage lending rules they might impose on banks.
It's given the banks until April 2024 to prepare for debt-to-income ratio restrictions to be imposed- but has indicated new changes will be too restrictive.
NZ Herald Wellington business editor Jenee Tibshraeny says DTI restrictions are unlikely to have too much of an impact on prospective borrowers.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.