The Reserve Bank has said it still expects to cut interest rates to a fresh record low to revive inflation.
Finance minister Bill English said an emerging debate about how to end massive monetary easing will help the economy.
New Zealand's sizzling economy has prompted Goldman Sachs to go out on a limb and call an end to the country's easing cycle.
New Zealand’s central bank doesn’t expect that zero interest rates will be required to combat low inflation, assistant governor John McDermott said.
The Reserve Bank's Wheeler said while he intends to lower interest rates further to revive inflation, a series of rapid cuts is not justified.
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Despite the restrictions, there are ways for overseas buyers to own a property in the country