Dawn chorus: Diversionary direction

Grant Robertson tells the RBNZ to 'take housing into account' when setting both monetary policy and financial policy. It's unlikely to lift interest rates, but may lead to DTIs for landlords

TLDR: Morena. Financial markets got into quite a tiz yesterday and last night over Finance Minister Grant Robertson’s formal direction to the Reserve Bank to take the housing market into account when setting interst rates and its bank lending policies. The central bank is unlikely to tighten monetary policy as a result because it would need to hike inte…