NZ Housing Market Could Trigger Central Bank Action
New Zealand's housing market could trigger interest rate rises before the end of 2004, Deutsche Bank said Friday in a quarterly outlook for the country's economy.
Saturday, October 18th 2003, 5:45AM
by The Landlord
Stronger-than-expected momentum from the housing sector "could trigger an earlier monetary tightening than assumed," he said.
The housing market, fueled by immigration and low interest rates by local standards, has been one of the few robust sectors in the New Zealand economy this year. But recently it has shown signs of overheating.
Read More - Opens in a new window
| « Interest rate change unlikely | Lianne Dalziel: Address to Master Builders » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
