Interest rates war of words stokes markets

Wed, 25 Nov 2020

Today will be all about the hot housing market and the central bank’s response to Finance Minister Grant Robertson’s bid to bring the situation under control.Robertson yesterday took markets by surprise when he announced he had written to RBNZ governor Adrian Orr, calling on him to take house price inflation into account when setting monetary policy. The kiwi dollar touched 70 US cents overnight — the highest since June 2018 — as markets moved to price out the possibility of negative interest rates, something that...

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