Creighton: Macroprudential coming

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From Adam Creighton today:

The Reserve Bank is paving the way for further limits on investor property lending as it grapples with surging house prices and ­rising debt at a time of sluggish wage growth.

The RBA kept interest rates at their record low level at its monthly policy meeting yesterday, but it raised fresh questions about the pace of investor loan growth, which has exploded on the back of ultra-low interest rates.

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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.