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RBNZ mulls over measures to directly target Auckland house prices

Published Tue, May 12, 2015 · 09:50 PM
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Wellington

NEW Zealand's central bank is considering measures to directly target Auckland's soaring house prices.

The Reserve Bank of New Zealand (RBNZ) is reconsidering its position that a regional response to house-price inflation wouldn't work, deputy governor Geoff Bascand told the Otago Daily Times. The comments, originally published on May 9, were confirmed by an RBNZ spokesman on Tuesday.

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