Housing market an RBNZ 'second tier' consideration: Robertson

Finance minister Grant Robertson outlined budget priorities.

Wed, 28 Apr 2021

Finance minister Grant Robertson's directive to the Reserve Bank earlier this year to take the housing market into account in setting monetary policy is more of a "second tier" factor, he told a webinar conducted by international ratings agency Fitch.The central bank's primary objectives remain containing inflation and maximising employment, the finance minister said.Robertson attributed the strength of the housing market – prices rose 24% in the year ended March – to very low interest rates, the rebound of the eco...

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