6  BIS central bankers’ speeches  But, the challenge of inclusive and sustained growth will only be accomplished if the private sector becomes the real driver of structural change in the economy. To borrow from the famous quote of President John F Kennedy, now is the time for each of us to ask ourselves what we can do for our country.
A major supply-side milestone will be the outcome of the Auckland Unitary Plan (AUP) Independent Hearings Panel, which is expected to make final recommendations to the Auckland Council by 22 July. The Panel’s recommendations and the Auckland Council’s response to those recommendations will be crucial in setting the future path towards reducing the housing market imbalance.