RBNZ's Wheeler: Seeing quite encouraging drop in value of housing loan commitments

RBNZ's Governor Graeme Wheeler is hitting the wires, via Reuters, stating that he's seeing quite encouraging drop in the value of housing loan commitments.

More headlines (via Reuters):

• Says have another meeting scheduled with finance minister in a "couple of weeks" to discuss debt-to-income ratios for home lending
• Will need to see a resurgence in house price inflation to consider introducing debt to income restriction on home lending