It seems the Reserve Bank's taking a long-term approach to getting house price growth, under control
It seems the Reserve Bank's taking a long-term approach to getting house price growth, under control
15 July 2021
The central bank has kept the Official Cash Rate at 0.25 per cent, but has reduced economic stimulus by halting its bond buying programme earlier than expected.
ASB has hiked its fixed mortgage interest rates anyway.
JMI Wealth director, Andrew Kelleher, says the Reserve Bank, which has a mandate to rein in house prices, says some of the factors supporting house prices have increased.
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