Policy

Explore the latest government news by BusinessDesk. 
Reserve Bank says NZ house prices still overvalued
Policy

Reserve Bank says NZ house prices still overvalued

In the near term, prices may continue to soften given the level of interest rates and several other factors.

Rebecca Howard 03 May 2023
More pain to come but banking system is resilient
Policy

More pain to come but banking system is resilient

The central bank expects more borrowers to fall behind on their payments.

Rebecca Howard 02 May 2023
RBNZ likely to remain sanguine about arrears
Policy

RBNZ likely to remain sanguine about arrears

A total of 1.31% of residential mortgages were reported as past due in March, up 26% year-on-year.

Rebecca Howard 02 May 2023