In the Q&A after an unrelated speech today, RBA boss Glenn Stevens said:
“The key points here are that we are keeping a close eye on the buildup of credit to investors in the housing market…Lending standards are things that need to be carefully watched in a time when house prices are rising quickly and competition from lenders are increasing.”
And on macroprudential:
“Those discussions are continuing and when there is something to be said it will be said, all in good time.”
How times have changed!
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