Monday, June 26, 2006

House Prices To Fall In New Zealand Says Central Bank

House Prices To Start Falling In New Zealand Towards End Of Year Says Reserve Bank Governor

New Zealand's Central Bank has put up interest rates to among the highest in the developed world to combat rising house prices and the Governor says he expects those rises to start pushing prices down later this year. When will the Bank Of England act?

Posted by Peter Argot @ 11:50 AM (572 views)
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2 thoughts on “House Prices To Fall In New Zealand Says Central Bank

  • Waitingforhpc says:

    …so how come we in the UK can see over 200% inflation in 5 years and the OECD says 5% chance of crash?????

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  • The Bank of England does not have a mandate to control house prices like New Zealands Central Bank.

    The Bank of England only has a mandate to control Inflation, and the government dont include house prices in that figure, so in answer to your question, they wont act.

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