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NZ Govt Considers Making House Prices Part Of RBNZ Mandate
The NZ Government is considering adding house prices to RBNZ mandate.
New Zealand Finance Minister Robertson says seeking advice on whether to include stability in house prices as a factor in RBNZ's remit while formulating monetary policy
If this is the case, and the RBNZ will have to factor how its monetary policy decisions will affect house prices, i.e. to not inflate prices further. This will make it even less likely that they would go negative next year, thus driving the NZDUSD to break out of the range into levels not seen in 2 and a half years.
Current indicative levels are:
NZDUSD 0.6970
NZDAUD 0.9530
NZDEUR 0.6080
NZDGBP 0.5882
NZDJPY 72.85
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