Daily Alert: Housing announcements take wind out of NZD’s sails

  • There’s been a significant financial market reaction to yesterday’s government announcement of a package of measures designed to restore balance to the NZ housing market.
  • It is now likely that house price inflation will slow at a faster rate from here than our prior forecasts allowed for, and the risk house prices experience outright falls later in the year has increased.
  • Overnight, sentiment wobbled a little as investors cast a wary eye over reviewed lockdown measures in parts of Europe and the implications for global growth in Q1.

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