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Daily Alert: RBNZ and the complicated issues of housing

  • On Friday the RBNZ provided the Minister of Finance its fuller response to his request to look into how the RBNZ and Government could “work together to address the issue of rising house prices”.
  • The NZ sharemarket rose 0.5% on Friday to a new record high but may play catch up with the softer sentiment offshore when trading commences today.
  • The Half-Year Economic & Fiscal Update (Wednesday 1pm) and GDP (Thursday 10.45am) are the local highlights.

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