Latest / The Kākā by Bernard Hickey
Wednesday's Chorus: Going for Growth. House price growth.
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Briefly in the news in Aotearoa’s political economy around housing, poverty and climate:
* The Lead: Without warning, consultation or a permanent Governor in place, the Reserve Bank yesterday loosened mortgage lending restrictions in a way that will increase house prices, accelerate sales activity and turbo-charge the residential industrial complex that has become the economy’s main driver.
* The Sidebar: The Reserve Bank justified the move, which was welcomed by the Government and landlords, as possible now…
The skinny
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