RBNZ mulls over measures to directly target Auckland house prices
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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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