RBNZ wants housing removed from its remit

Finance minister Grant Robertson added housing to the Reserve Bank's remit in February last year. (Image: Getty)

Wed, 30 Nov 2022

The Reserve Bank of New Zealand is proposing the government removes the requirement to assess the impact of monetary policy on house prices from its remit.That requirement was only added to the remit in February last year when finance minister Grant Robertson said the Reserve Bank of NZ’s (RBNZ) monetary policy committee would still have autonomy over whether and how its decisions took account of potential housing consequences, but that it “will need to explain regularly how it has sought to assess the impacts on housing outcomes&rd...

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