Expected New Zealand Rate Cut May Fuel Its Red-Hot Housing MarketBy
RBNZ expected to cut rates Thursday despite housing boom
Inflation targeting “no longer fit for purpose,” says NZIER
Inflation targeting may have become a straitjacket for the central bank that pioneered it.
Under pressure to boost inflation to 2 percent, the Reserve Bank of New Zealand is forecast to cut interest rates Thursday, returning them to a record low. That’s in spite of its concern that lower borrowing costs could throw fuel on an already red-hot housing market…
Leave a Reply
You must be logged in to post a comment.