Orr says RBNZ already considers house prices

Jenny Ruth
Tue, 24 Nov 2020

Jenny Ruth
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...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Use quake-style powers to speed house-building: Collins
Staff reporters | Tue, 26 Jan 2021

More houses were built in the Canterbury region than any other part of the country in the last decade, thanks to quake-related powers.

Vaccines to curb F&P Healthcare sales
Dan Brunskill | Tue, 26 Jan 2021

Fisher & Paykel Healthcare's shares were up 10 percent last week but a Forsyth Barr analyst thinks demand is about to slow.

Housing market "defying logic" says Oceania
Jenny Ruth | Tue, 26 Jan 2021

Demand for units last week was "extraordinary."

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.

What has Covid-19 changed for supply chains?

Covid-19 has helped businesses recognise Supply Chain as a critically important function within their organisation.