NZ FinMin Robertson: Government to address the issue of the elevated house prices

In response to the concerns raised by the International Monetary Fund (IMF), New Zealand’s Finance Minister Grant Robertson said that the government will address the issue of the elevated house prices in the coming weeks and in the 2021 budget later this year.

Robertson, however, refrained from mentioning the likely steps to be undertaken to address the issue.

• NZD/USD Price Analysis: Drops back to revisit support confluence around 0.7220