Business
Interest rates not the right ‘tool’ to address runaway house prices, Reserve Bank says – ABC News
The RBA says the rebound in economic activity has been remarkable, but wages growth is a long way off and it is up to others to cool the housing boom that low interest…
The Reserve Bank has said property price rises can exacerbate inequality, and it is “certainly an issue” that needs to be considered at the moment.
Key points:
- The Reserve Bank says it is putting a “high priority” on full employment
- But it says monetary policy is not the right tool to address runaway house prices
- Economic activity has rebounded strongly, but wages growth remains abysmal
But monetary policy is not the appropriate tool to address the problem, because it is designed to encourage employment…
Continue Reading
-
Noosa News24 hours agoLNP Premier David Crisafulli announces ‘Queensland’s royal commission’ into CFMEU
-
Noosa News24 hours agoMan stabbed in physical altercation on the Sunshine Coast
-
General20 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News22 hours agoFrench women charged with smuggling $29m of meth into Australia