Mike's Minute: Auckland housing inflation won't last

What needs to be done to contain the runaway train that is Auckland's housing market? Mike Hosking says there comes a point where it doesn't matter what the interest rate is, people aren't going to be able to afford to borrow the money in the first place.

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Currency control?
New Zealand

Currency control?

The Reserve Bank of New Zealand is considering launching a central bank digital currency (CBDC). This episode explores why and how it could work.