RBA secret bubble discussions revealed
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A freedom of information request (FOI) has prompted the RBA to release details of its discussions pertaining to the investor mortgage bubble and what to about it.
The document is a grab bag of presentations and email exchanges that gives a much stronger sense of cognisance of the risks than we see in public or in policy. It opens with a briefing:
BRIEFING ON MACROPRUDENTIAL OPTIONS FOR HOUSING LENDING RBA’s view on key policy risks 1. Growth in new lending to investors
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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