Christian Hawkesby: Reserve Bank Deputy Governor on the Bank bringing in debt-to-income ratios

The Reserve Bank has confirmed it will soon introduce debt-to-income ratios. From July, most owner-occupiers can't borrow more than six times their pre-tax income and investors can't borrow more than seven times their income. Reserve Bank Deputy Governor Christian Hawkesby says these restrictions have been a long time in the making. "What it's really about is filling a gap in the tools that we need to live up to our responsibility of avoiding boom-bust cycles in lending and house prices." LISTEN ABOVESee omnystudio.com/listener for privacy information.