RBNZ is responsible for rising house prices

RBNZ is responsible for rising house prices
Jenny Ruth
Successive Reserve Bank of New Zealand governors have worried about runaway house prices and central bankers around the world have always been concerned about potential asset-price bubbles generally.That concern was epitomised by former Federal Reserve chair Alan Greenspan in his famous 1996 speech on the "irrational exuberance" then evident in tech stocks – a phrase he later said came to him while sitting in a bathtub.But now the RBNZ is making it clear that it takes no responsibility for the housing market looking decidedly ir...

More Economy

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024