25 Feb 2021

Reserve Bank told to consider housing when decision-making

From Afternoons with Jesse Mulligan, 1:08 pm on 25 February 2021

The government's ignored advice from the Reserve Bank governor about house prices being factored in to their monetary policy decisions.

Finance Minister Grant Robertson has changed the Bank's remit so it must consider government policy on house prices when deciding  on its own  financial policy functions.

Business journalist Bernard Hickey talks to Jesse about that change and why the reserve bank governor was reluctant for it to happen.

Open home sign at a house for sale in East Auckland

Photo: RNZ / Claire Eastham-Farrelly

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