New Zealand central bank Governor Graeme Wheeler said interest rates are probably low enough to return inflation to his 2 percent goal.
Governor Graeme Wheeler has said as long as there is still an imbalance between demand and supply “there is a significant risk of further upward pressure on house prices”.
The Reserve Bank said it has probably done enough to return inflation to target as economic growth quickens.
The Reserve Bank of New Zealand has reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.
After several false dawns, New Zealand’s central bank may be finally arriving at the end of its easing cycle.
New Zealand inflation slowed less than economists forecast in the third quarter, prompting the local dollar to jump.
Economist says fixing for short terms would give borrowers flexibility
Data reveals the country’s housing market started spring in a confident mood
Real estate boss says awards prove the firm’s continuous strength