11 Aug 2016

Today In Parliament for 11 August 2016 - evening edition

From In Parliament, 6:50 pm on 11 August 2016

Questions for Reserve Bank governor, Graeme Wheeler, in the committee rooms, and for Finance Minister, Bill English, in the debating chamber, about the Reserve Bank's cut in the official cash rate to two percent. Both say competitive pressures will determine whether the trading banks will pass the lower rate on to customers. In response to a question about the likely effect of lower interest rates on house prices, Bill English says the critical factor is the Auckland council's control of supply.