According to economist Tony Alexander, New Zealand mortgage rates are rising at their fastest rate on record at more than triple the pace of the tightening cycle between 2004 and 2008. Alexander also believes that the Reserve Bank of New Zealand (RBNZ) is at grave risk of overshooting, which will drive a deeper economic contraction
The post Reserve Bank “overshoot” to pummel New Zealand’s housing market appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]