Finance

RBNZ has no control over high house prices

Rebecca Howard
Fri, 13 Nov 2020

The Reserve Bank says it’s not responsible for soaring house prices and it can’t control them.“I know there’s a lot of emotion around house prices,” chief economist Yuong Ha told BusinessDesk. But, “house prices are not something we can control, even though people try to put that on us.”He made the comments just before the Real Estate Institute of NZ’s said its house price index, a measure of the changing value of property in the market, increased 13.5 percent year-on-year.Stoking the fireThe RBNZ...

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Finance

Orr says RBNZ already considers house prices

Jenny Ruth | Tue, 24 Nov 2020

Government concern over galloping house price inflation burst into the open today, but Reserve Bank governor Adrian Orr insists he already takes house prices into account and ultra-low interest rates are important for the covid-19 economic recovery.

Economy

Opposition backs Robertson, claims credit for idea

Rebecca Howard | Tue, 24 Nov 2020

A conversation on housing between the RBNZ and the government has widespread political support.

Finance

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Insurer says net profit will be impacted by about $9.5 million from write off.

RBNZ has no control over high house prices

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