RBNZ admits policy response to housing bubble was 'too slow'


Monetary policy may have been "too slow" to tighten in the early stages of the formation of a housing bubble in New Zealand, the Reserve Bank of New Zealand (RBNZ) said on Monday.

In a report submitted to New Zealand's Productivity Commission Inquiry on Housing Affordability, the central bank said: "If interest rates are set too low for too long, that will affect demand for housing and house prices. With hindsight, we may have been too slow to tighten monetary policy against a backdrop of a

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: