Reserve Bank responds to Finance Minister’s letter on house prices
Adding a housing consideration to the bank's monetary policy remit not a good idea, Orr says.
Brent Edwards
Fri, 11 Dec 2020
Hot Topic
Hawke’s Bay
The Reserve Bank has rejected suggestions a housing consideration should be added to its monetary policy remit but instead says it should be part of its financial stability objective.
Last month, Finance Minister Grant Robertson wrote to Reserve Bank governor Adrian Orr asking for the bank’s
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Brent Edwards
Fri, 11 Dec 2020
Contact the Writer: brent@nbr.co.nz
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Reserve Bank responds to Finance Minister’s letter on house prices
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