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Reserve Bank governor Philip Lowe warns on house price boom – ABC News
The Reserve Bank issues its bluntest warning yet about the dangers of the latest house price boom, and the possibility regulators may step in to deflate it.
The Reserve Bank has issued its bluntest warning yet about the dangers of the latest house price boom, and the possibility regulators may step in to deflate it.
Key points:
- RBA governor Philip Lowe admitted low interest rates are driving up house prices, but said the bank will not adjust its policy based on the housing market
- Mr Lowe said there are “various other tools” to keep house prices in check
- The RBA and other financial regulators are “watching carefully” to see if home lending restrictions…
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