NZ central bank says monetary policy not best way to cool housing market

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New Zealand's central bank on Friday rebuffed a government call for it to add house prices to its monetary policy remit, despite growing concerns about a property market bubble.

WELLINGTON -New Zealand’s central bank on Friday rebuffed a government call for it to add house prices to its monetary policy remit, despite growing concerns about a property market bubble.

However, Reserve Bank of New Zealand Governor Adrian Orr warned the proposal could have negative trade-offs, particularly on the government’s aims of housing New Zealanders, and reducing inequality. Other trade-offs could be a higher New Zealand dollar exchange rate and lower growth in housing supply.

 

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Best way to cool a housing market is to build more houses

Housing fears burst. Frozen state of stimulus caused banks act foreclosures across globe. USA has 40,000,000 foreclosures Same across globe. No nation is immune. Homeless rates are up everywhere. In my city driving to store I see 15+ homeless families daily. Begging for food.

Housing market is frozen. In US expect 40,000,000 foreclosures come onto market this month Around globe same situation as multiple nations brace for foreclosures coming onto market Homeless in USA 160,000,000 before Christmas Half the nation living in fear off becoming homeless.

this is terrible news

so ...drone them?

Reject the liars the dishonest and those who cheat to acquire the presidency. May the wrath of an enraged public be brought upon their lives and their supporters. May they feel the personal price of public justice and depart as the losers they are..

wow

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