A prediction that house prices won't rise much from here
A prediction that house prices won't rise much from here
26 May 2021
The Reserve Bank is forecasting zero upward price movement for the next year from June onwards.
It kept the Official Cash Rate at 0.25 per cent today.
Deputy Governor Geoff Bascand says he's not trying to cry about a big fall or a sharp correction.
He says there's always been some chance that if they go rapidly up - they could potentially adjust downwards, but their central expectation is that the rate of growth will slow.
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