Reserve Bank of New Zealand in Podcasts

So I'll be interested to see the Reserve Bank lending numbers for December when they come out later in January, just because we already know from our stats that first-time buyers have been pretty strong.

And the Reserve Bank said that it was concerned that inflation, which was forecast would reach 6.6% this year, would get entrenched and said that house prices were expected to fall perhaps by as much as 10% in the coming year.

And the Reserve Bank in New Zealand has raised the official cash rate by 25 basis points, which is a quarter of a percentage point to 1% due to strong rising prices, a very hot housing market and a tight labour market.