• Bloomberg

  • SHARE

Rising house prices in New Zealand will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said Sunday.

“These households heading into quite high debt to buy highly priced houses need to be aware at some stage the RBNZ (Reserve Bank of New Zealand) will increase interest rates, particularly if the housing market keeps growing at rapid rates,” English said in an interview broadcast on Television New Zealand’s Q&A.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW