The duties of a central bank are ever expanding: Lender of last resort, financial regulator, macroeconomic manager… affordable housing agency?

That’s the case now in New Zealand, where prime minister Jacinda Ardern has asked the Reserve Bank of New Zealand to consider the state of the housing market there as it makes policy decisions; it’s a step back from an initial plan to make housing prices part of the bank’s primary mandate.

Click here to read the full article

Leave a Reply

Your email address will not be published. Required fields are marked *