RBA Stepped In To Stop Property Slump
RBA Stepped In To Stop Property Slump – The Reserve Bank deliberately intervened in the political debate over the property boom to stop governments releasing more land. The bank feared the release of land would cause traffic gridlock, environmental problems and potentially a US-style housing slump, The Australian reports. The move, detailed by a senior [...]
Tags: 2000s, Anthony Richards, Christopher Joye, Commentators, Economic Analysis, Environmental Problems, Financial Stability, Freedom Of Information, Freedom Of Information Laws, house prices, Housing Slump, Housing Supply, Independent Central Bank, Monetary Policy Decisions, Political Debate, Property Boom, Public Statements, Rare Example, Rba Governor, Traffic Gridlock
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