Alignment with LVR release
The release of the debt-to-income (DTI) data publication, initially scheduled for Aug. 12, will now be delayed to align with the loan-to-valuation ratio (LVR) release on Aug. 26, the Reserve Bank has announced.
The adjustment allows the team to verify the quality of existing time series data following the introduction of the framework for restrictions on high debt-to-income residential mortgage lending.
Updated framework and compliance
As noted in the March quarter DTI publication on May 15, all banks were required to submit data using the updated DTI framework from April.
The brief delay ensures that the data is thoroughly vetted and accurate.
Banks are required to comply with new DTI restrictions starting July 1, with an initial six-month measurement window.
Expanding DTI data series
RBNZ is working with both previous and current frameworks to maintain comprehensive data coverage.
The team is also planning to expand the DTI data with additional series for publication under the new framework and compliance rules, moving to a monthly publication frequency.
Commitment to transparency
“We are committed to keeping you informed of our progress on DTI data and will provide further updates on publication plans and timeframes,” RBNZ said.
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