Business
Why the RBA isn’t fazed by the prospect of rising house prices – The Australian Financial Review
RBA boss Philip Lowe has decided that in the context of a pandemic, a further drop in borrowing costs will help people get jobs and shrink the level of problem…
Especially since Lowe has long warned that extended periods of ultra-low interest rates can encourage the development of dangerous and ultimately destabilising asset price bubbles.
In a speech last week, Lowe noted that he had closely examined the question of whether further monetary easing would be likely to lead to an increase in risk-taking that could potentially jeopardise financial stability.
But this had led him to quite a novel conclusion in the context of the pandemic.
A bump for employment
…
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