The NZ Herald is running a headline this morning which reads "House Prices Increase 21% Despite Efforts to Break Growth". The first line of the article is "The NZ Government and Reserve Bank efforts to slow house price growth are yet to have an impact".
Since when does the Reserve Bank printing $100 billion of cash as part of its "Quantitative Easing Program" and cutting interest rates close to zero constitute "Reserve Banks efforts to slow house price growth"?
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