House prices are up almost 20 per cent in a year when the New Zealand economy suffered its biggest shock in living memory. But she hasn’t shied away from linking the cause and effect of lower interest rates and higher house prices. “On one hand, the Reserve Bank is adding fuel to the fire of the housing market with its accommodating monetary policy,” Bayly said. Hagen Hopkins/Getty Images Reserve Bank Governor Adrian Orr speaks during a press conference at the Reserve Bank of New Zealand in Wellington. infometrics Infometrics economists discuss the prospect of another recession, but house prices staying firm.

Source: Stuff November 20, 2020 16:00 UTC