Timing of RBNZ remit change raises questions

Thu, 25 Feb 2021

Today Finance Minister Grant Robertson told the central bank it is now required to take house prices into account when setting monetary policy. The timing was odd.Why didn’t he say this yesterday, before the monetary policy statement and press conference or even before the finance and expenditure select committee this morning? Housing was front of mind in both those spaces, yet this didn't come up. RBNZ governor Adrian Orr was in fact asked at today's select committee meeting whether he had spoken to the finance minister abou...

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