Can the NZ economy grow while house prices stagnate?
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.
Picture: Assistant Reserve Bank governor Karen Silk (Supplied)
The latest data from the Real Estate Institute showed its house price index in May was down 16.2% from the peak in late 2021 and that prices have continued to fall in the last six months.
Assistant Reserve Bank governor Karen Silk told the media conference after RBNZ’s latest official cash...MORE»
OCR increase labelled a reduction in monetary stimulusWednesday, July 8th, 2:51PM
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.” MORE» |
RBNZ pulls the triggerWednesday, July 8th, 2:00PM
The Reserve Bank has increased the OCR. Here's what it said. MORE» |
Fifth drop in amount households spend on interest
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.
MORE»Economists’ tune changes to keeping the OCR on hold next week
Keeping the cash rate at 2.25% will be an easy decision for the RBNZ at its OCR meeting next week, Kelly Eckhold, Westpac chief economist says.
MORE»Single set of expectations from new CCCFA regulator
The FMA has taken over from the Commerce Commission as regulator of the Credit Contracts and Consumer Finance Act (CCCFA).
MORE»Mortgage fraud and advisers’ commissions under the FMA microscope
The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers.
MORE»ANZ still expects three OCR rises this year
Does the recent fall in oil prices mean that OCR hikes can now be called off?
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