RBA worries property could spark downturn

Original article by Jacob Greber
The Australian Financial Review – Page: 2 : 21-Jun-17

The minutes of the Reserve Bank’s June 2017 monetary policy meeting show that board members are concerned about the potential impact of rising household debt and residential property prices on economic growth. Concerns were also raised that financial stability could be undermined by record low interest rates. Board members also stressed the need for continued co-operation between the central bank and other regulatory agencies, such as the Australian Prudential Regulation Authority.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, COUNCIL OF FINANCIAL REGULATORS, UNITED STATES. FEDERAL RESERVE BOARD

Leave a comment