Orr says RBNZ already considers house prices

Orr says RBNZ already considers house prices
Jenny Ruth
Reserve Bank governor Adrian Orr has responded immediately to a letter from Finance Minister Grant Robertson on galloping house price inflation, saying the central bank's monetary policy committee already takes into account all asset prices, including housing.Orr also said lower interest rates have been and will continue to be effective in supporting the economy through the coronavirus economic shock.Under political pressure on rising house prices, Robertson issued a letter to Orr today urging the central bank to take house price stability...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025