RBNZ must consider housing but it's more about financial stability

RBNZ must consider housing but it's more about financial stability
The RBNZ now has to assess how its decisions — with respect to inflation and employment — impact the government’s housing directives.
Rebecca Howard
What does Finance Minister Grant Robertson’s new decree that the central bank must take housing into account actually mean?“There’s a lot of confusion as to what it does mean or doesn't mean. So, I would say from a monetary policy perspective, it doesn't mean much,” central bank chief economist Yuong Ha told BusinessDesk.Why?“The remit says the primary objectives are still price stability and maximum sustainable employment,” he said.Basically, the bank now has to assess how its decisions — with...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025