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Macroprudential tools

Auckland's Covid-19 Delta outbreak delays RBNZ consultation on debt-to-income restrictions & interest rate floors
9th Oct 21, 9:55am
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Auckland's Covid-19 Delta outbreak delays RBNZ consultation on debt-to-income restrictions & interest rate floors
The Reserve Bank now believes house prices are likely to fall right through from 2022 to 2024; says current prices are unsustainable
18th Aug 21, 4:17pm
133
The Reserve Bank now believes house prices are likely to fall right through from 2022 to 2024; says current prices are unsustainable
RBNZ survey of households finds expectations of higher house prices have actually increased, while mortgage holders are far less worried about meeting payments than renters
16th Aug 21, 11:01am
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RBNZ survey of households finds expectations of higher house prices have actually increased, while mortgage holders are far less worried about meeting payments than renters
As the Reserve Bank ponders the likely introduction next year of measures to limit high debt-to-income lending, latest figures show Kiwis - particularly first home buyers - are continuing to stretch themselves further and further to buy houses
12th Aug 21, 3:46pm
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As the Reserve Bank ponders the likely introduction next year of measures to limit high debt-to-income lending, latest figures show Kiwis - particularly first home buyers - are continuing to stretch themselves further and further to buy houses
David Hargreaves looks at some of the options in the long-running saga that has been the Reserve Bank's quest for a debt-to-income measure for the housing market
11th Aug 21, 12:11pm
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David Hargreaves looks at some of the options in the long-running saga that has been the Reserve Bank's quest for a debt-to-income measure for the housing market
Govt signs off on DTI measures, which will be implemented; RBNZ also to tighten LVR rules from October; RBNZ says it 'hasn't seen sufficient reduction in risky lending'
3rd Aug 21, 9:25am
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Govt signs off on DTI measures, which will be implemented; RBNZ also to tighten LVR rules from October; RBNZ says it 'hasn't seen sufficient reduction in risky lending'
The expected time lag between when New Zealand begins hiking official interest rates and when Australia does is set to be the longest lag in over 20 years, ANZ economists say
22nd Jul 21, 3:07pm
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The expected time lag between when New Zealand begins hiking official interest rates and when Australia does is set to be the longest lag in over 20 years, ANZ economists say
BNZ economists raise the possibility that the Reserve Bank might hike the Official Cash Rate by half a percentage point in one go - something that last happened over 21 years ago
20th Jul 21, 2:09pm
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BNZ economists raise the possibility that the Reserve Bank might hike the Official Cash Rate by half a percentage point in one go - something that last happened over 21 years ago
David Hargreaves has for some time been fretting over our 30% house price inflation bender. The events of the past week have not made him feel any better
18th Jul 21, 6:01am
134
David Hargreaves has for some time been fretting over our 30% house price inflation bender. The events of the past week have not made him feel any better
The Reserve Bank has swapped its dove clothes for hawkish attire - while we will all now be watching economic data like hawks over the next few weeks to see if the RBNZ is likely to kick off Official Cash Rate hikes as soon as August
14th Jul 21, 4:08pm
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The Reserve Bank has swapped its dove clothes for hawkish attire - while we will all now be watching economic data like hawks over the next few weeks to see if the RBNZ is likely to kick off Official Cash Rate hikes as soon as August
Experts on NZIER's 'Shadow Board' are looking for signals from the Reserve Bank about ending its bond buying programme - as well as when interest rates may be raised
12th Jul 21, 12:21pm
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Experts on NZIER's 'Shadow Board' are looking for signals from the Reserve Bank about ending its bond buying programme - as well as when interest rates may be raised
David Hargreaves says some of the measures put in place to stymie the current hot housing market may prove to be a long-term drag on the market
24th Jun 21, 1:31pm
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David Hargreaves says some of the measures put in place to stymie the current hot housing market may prove to be a long-term drag on the market
David Hargreaves sifts through the array of remedies targeted at the runaway housing market and tries to assess how it is going so far
23rd Jun 21, 8:30am
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David Hargreaves sifts through the array of remedies targeted at the runaway housing market and tries to assess how it is going so far
We take a look at where banks' mortgage serviceability test rates are at against the backdrop of news the RBNZ could set these as a debt serviceability restriction
19th Jun 21, 9:01am
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We take a look at where banks' mortgage serviceability test rates are at against the backdrop of news the RBNZ could set these as a debt serviceability restriction
The RBNZ finally gets conditional agreement from the Finance Minister for debt serviceability tools, but the initial one it's able to use is likely to be one pushed by the bank lobby group
17th Jun 21, 10:30am
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The RBNZ finally gets conditional agreement from the Finance Minister for debt serviceability tools, but the initial one it's able to use is likely to be one pushed by the bank lobby group
The Reserve Bank does seem set to get a debt-to-income ratio measure in its macro-prudential toolkit - but at a much higher level than it earlier contemplated
16th Jun 21, 12:34pm
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The Reserve Bank does seem set to get a debt-to-income ratio measure in its macro-prudential toolkit - but at a much higher level than it earlier contemplated
Finance Minister agrees 'in-principle' to give RBNZ debt-to-income tools; Consensus yet to be reached on how the impact on first-home buyers would be minimised
16th Jun 21, 10:29am
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Finance Minister agrees 'in-principle' to give RBNZ debt-to-income tools; Consensus yet to be reached on how the impact on first-home buyers would be minimised
David Hargreaves looks to the second half of the year and beyond with a mixture of hope and trepidation
15th Jun 21, 2:40pm
30
David Hargreaves looks to the second half of the year and beyond with a mixture of hope and trepidation
Grant Robertson considers RBNZ advice on new tools to potentially restrict mortgage lending; Jenée Tibshraeny doesn't see changes in the immediate future, but believes financial stability will take centre stage
26th May 21, 8:00am
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Grant Robertson considers RBNZ advice on new tools to potentially restrict mortgage lending; Jenée Tibshraeny doesn't see changes in the immediate future, but believes financial stability will take centre stage
If the current wave of inflationary pressures prove to be more than just a passing flurry, the Reserve Bank will be forced to raise interest rates. And rising mortgage payments will be a new thing for many mortgage holders
19th May 21, 12:35pm
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If the current wave of inflationary pressures prove to be more than just a passing flurry, the Reserve Bank will be forced to raise interest rates. And rising mortgage payments will be a new thing for many mortgage holders
Two-thirds of Auckland first home buyers in March borrowed at a DTI of over five - and their mortgage sizes averaged in excess of $750,000 each
18th May 21, 3:35pm
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Two-thirds of Auckland first home buyers in March borrowed at a DTI of over five - and their mortgage sizes averaged in excess of $750,000 each
As long as interest rates don't rise appreciably, our housing market should be fine. Probably. But inflation is the wild card. Potentially very wild
12th May 21, 1:48pm
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As long as interest rates don't rise appreciably, our housing market should be fine. Probably. But inflation is the wild card. Potentially very wild
According to the Reserve Bank it now takes over 220% of median disposable household income to fund a 20% deposit on a house
6th May 21, 12:16pm
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According to the Reserve Bank it now takes over 220% of median disposable household income to fund a 20% deposit on a house
New figures from the RBNZ show that up to 71% of the money being borrowed each month recently by investors for houses has been done on high debt to income ratios
5th May 21, 7:21pm
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New figures from the RBNZ show that up to 71% of the money being borrowed each month recently by investors for houses has been done on high debt to income ratios
David Hargreaves says the alarming rise in high debt-to-income ratio borrowing highlights why the Reserve Bank should be allowed to implement across-the-board DTI limits without any exceptions
4th Apr 21, 6:31am
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David Hargreaves says the alarming rise in high debt-to-income ratio borrowing highlights why the Reserve Bank should be allowed to implement across-the-board DTI limits without any exceptions