Reserve Bank must now consider house prices
Nine To Noon
English - February 24, 2021 21:40 - 5 minutes - 4.68 MB - ★★★★★ - 8 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Government has decreed the Reserve Bank will now have to take house prices into account when making its decisions. The Finance Minister Grant Robertson wrote to the bank's governor Adrian Orr late last year suggesting this course of action. Mr Orr later warned against the option, saying there could be adverse trade-offs. Mr Roberston has pushed ahead regardless. Kathryn talks with RNZ's Business Editor Gyles Beckford.