Auckland’s spreading property bonanza is one of the reasons Reserve Bank Governor Graeme Wheeler may tread carefully as he considers cutting interest rates to a fresh record low on Thursday.
New Zealand’s central bank said it may need to cut interest rates further as falling oil prices and a weaker global growth outlook prolong a period of low inflation.
Governor Graeme Wheeler may have greater scope to cut interest rates as annual inflation has slowed to its weakest since 1999.
New Zealand’s five-year housing boom could be drawing to a close
Survey shows all 13 providers experienced significant drop in ratings
Analyst discusses market predictions for the rest of the year
Latest Home Loan Affordability report details what this means for first home buyers