The Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr said on Friday that adding house prices to its remit would make moentary policy less effective and impact financial market efficiency, according to Reuters. Finance Minister Grant Robertson last month asked the RBNZ to take steps to rein in a surge in home prices driven by record low interest rates and expansionary fiscal policy. Orr, however, believes the proposal, if implemented, could have negative trade-offs, particularly on the government’s goals of housing New Zealanders, and reducing inequality. Orr added that raising interest rates to counter the housing market bubble would lead to lower employment. Orr’s comments haven’t had any impact on the NZD/USD. The currency pair is currently trading at 0.7105, having hit a high of 0.7113 a few minutes ago. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/TRY wavers around two week top below 7.9000 FX Street 2 years The Reserve Bank of New Zealand's (RBNZ) Governor Adrian Orr said on Friday that adding house prices to its remit would make moentary policy less effective and impact financial market efficiency, according to Reuters. Finance Minister Grant Robertson last month asked the RBNZ to take steps to rein in a surge in home prices driven by record low interest rates and expansionary fiscal policy. Orr, however, believes the proposal, if implemented, could have negative trade-offs, particularly on the government’s goals of housing New Zealanders, and reducing inequality. Orr added that raising interest rates to counter the housing market bubble would lead to lower employment. … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
