This session is organised by the Bank in close collaboration with the MCCI. Ladies and Gentlemen, Central banks have traditionally been associated with monetary policy, regulation and supervision of banks and financial stability. However, over the past two decades, central banks have been at the forefront of providing safe, secure and efficient payment systems.
Including a debt to income measure in our toolkit would help with reducing the probability of default. Therefore, these two policy tools deal with different sources of risk: LVRs with the risk to banks from a fall in house prices, and DTIs with the risk to households from a fall in income.