25 Feb 2021

Reserve Bank must now consider house prices

From Nine To Noon, 10:40 am on 25 February 2021

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.