New Zealand Finance Minister English says he is in talks with the RBNZ for memorandum of understanding on new macro prudential tools
This will be to address surging house prices in the country
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I know English is the fin min and new macroprudential tools and such is within his purview ... but for anyone with half a brain the solution is to increase supply. Yes, easy money can be an input into rising prices, but whack a good many thousand of housing units into the market (as is being done in parts of Australia (lookin' at you Melbourne CBD and Brisbane) in coming months) and prices will be weighed on.
YW
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OK, dude is reading my mind .... more from English:
- Focus on Auckland Unitary plan to boost house supply
