12 Nov 2020

Political parties put heat on Reserve Bank Governor

From Morning Report, 7:09 am on 12 November 2020

The ACT leader David Seymour is accusing the Reserve Bank Governor of being a liability and says his latest announcement harks back to the days of Robert Muldoon.

The Reserve Bank has announced a new lending programme - offering to pump another $28 billion into the economy over the next couple of years through cheap loans to banks.

But there are warnings from political parties it could add more heat to an already overcooked property market.

Here's political reporter Charlie Dreaver.