This is despite the slow trend towards rising mortgage rates
It follows a recent upward trend that saw record-breaking median prices across NZ
“Exposing such behaviour is the first step to resolving it,” says head of supervision
They expect the central bank to look into the impact of the coronavirus outbreak on the economy
The increases mean the bank is no longer the cheapest on the market
The rate is “robust” despite international changes, says Reserve Bank
Its statement discusses growth levels and the impact of the coronavirus
Minister says govt is “very conscious that the finance sector has faced many changes”