'Proper' for govt to instruct RBNZ on house price inflation: Grimes

Thu, 19 Nov 2020

Former Reserve Bank of New Zealand chairman Arthur Grimes says it would be "quite proper" for the government to issue instructions to the central bank about its concerns over rampant house price inflation.His comments join a growing clamour calling on the government to strong-arm the Reserve Bank into doing something about the overheated housing market.“In my view, rising house prices – which are clearly being caused by the (Reserve) bank’s actions – raise major financial stability concerns so should be viewed...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am