Business
ANZ boss warns of social problems from ‘unhealthy’ house price rises – Sydney Morning Herald
Shayne Elliott says the RBA may need to raise official interest rates before 2024 as house prices start to overheat.
ANZ chief executive Shayne Elliott has said the Reserve Bank may need to raise official interest rates earlier than expected, warning that rising house prices could lead to social and political problems.
Mr Elliott said on Thursday he thought the rebound in house prices had a fair way to go, but highlighted that extreme price movements for sustained periods were not good for the broader economy.
ANZ Bank chief Shayne Elliott said the RBA may need to raise interest rates earlier than 2024.Credit:Arsineh…
Continue Reading
