Macro-prudential policy - implementation
LVR restrictions were implemented in October 2013, and revised over time.
Debt serviceability restrictions, including debt-to-income (DTI) ratio limits, were added to the Reserve Bank’s Memorandum of Understanding (MoU) on macro-prudential policy with the Minister of Finance in August 2021. We are currently consulting on operationalising DTI restrictions and on a floor on test interest rates.
We will consult on any changes required to enable the operation of other macro-prudential instruments if deemed necessary.