Source: New Zealand Institute of Economic Research
12 April 2021
For the upcoming April RBNZ meeting, Shadow Board members are in favour of leaving the monetary policy stance unchanged. Given the recent announcement of measures such as extending the bright-line test to 10 years and the removal of interest deductibility for investment properties, Shadow Board members felt a wait and see approach was appropriate to assess the effects on the New Zealand economy.
The release can be read here.