Govt warned money printing would push up house prices

Stuff reports:

Grant Robertson and the Government were warned in January 2020 that there was a ‘significant’ risk Reserve Bank money printing would push up house prices and deepen inequality. Despite calls from the Reserve Bank that the Government would need to act to blunt the effects of this, nearly 13 months later, nothing has been done.

That one paragraph sums it up. They were told house prices would rocket up if they printed money, but they did it anyway and the end result was 20% house inflation last year.

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