New Zealand government forces central bank to include housing in pricing
(Bloomberg) – The New Zealand government will demand that the central bank take soaring house prices into account when setting interest rates, a change that could limit its ability to conduct loose monetary policy. “The impact on housing when making monetary and financial policy decisions,” Finance Minister Grant Robertson said in a statement Thursday in Wellington. The New Zealand dollar climbed to its highest since 2017 as investors increased their bets on higher interest rates.
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