It's not the Reserve Bank's job to worry about housing prices
- Written by Richard Holden, Professor of Economics, UNSW
Once again folks are pointing to the potential danger of Australia’s low interest rates.
This week a poll of so-called “market economists” by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank of Australia’s current stance, with 68% saying its monetary policy was too loose – that is,...
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