Orr says RBNZ already considers house prices

Tue, 24 Nov 2020

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...

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