#RBA minutes on housing Despite Lowe talking about the risks of higher asset prices both the Bank & APRA are focused on credit growth so there will be no macroprudential until that space picks up materially (which is the risk) in the meantime property prices will rise sharply IMO pic.twitter.com/8oYNTlvpAF
— Alex Joiner (@IFM_Economist) September 17, 2019
Alas, I agree that further macroprudential tightening is not imminent given the RBA will bleat but cut anyway and APRA has a corrupt chairman beholden to the Government’s mandate to inflate.