25 Nov 2020

Reserve Bank ready to heed govt's call on house prices

From Checkpoint, 5:22 pm on 25 November 2020

The Reserve Bank says it stands ready to heed the government's call to help to cool the housing market, as all parties declare themselves committed to tackling the affordability crisis.

Finance Minister Grant Robertson has written to the bank's governor, asking him to consider house price inflation when mulling over monetary policy.

Today, Adrian Orr said he'll take that on board, but issued a warning of his own.

Here's RNZ political editor, Jane Patterson.