the May Monetary Policy Statement (MPS), which projected a freeze in house price growth starting in the middle of this year.
Meanwhile, during the meeting on Thursday, Green MP Chlöe Swarbrick brought up the constant confusion between the terms sustainability and fair value.
“We see them as the same thing in our definition,” the Governor responded. “What we’re talking about in sustainable house prices is where house prices should settle over the medium term based on fundamental supply and demand factors.”
However, Swarbrick pointed out that if the central bank was to…
