Business
Why the RBA doesn’t care about the property bubble – MacroBusiness
From Karen Maley at the AFR today: …”To the extent that an easing of monetary policy helps people gets jobs, it will help private-sector balance sheets and less…
…”To the extent that an easing of monetary policy helps people gets jobs, it will help private-sector balance sheets and lessen the number of problem loans. In doing so, it can reduce financial stability risks,” Lowe argued.
…Other economists point out that a further drop in home loan borrowing costs will probably provide a further support for housing prices, even as the banks progressively wean people off their loan repayment deferrals.
…Robust house prices boost overall financial stability b…
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