Stevens says RBA is working to ‘assess and contain’ housing risks
House price growth is uneven but could be a problem in some areas
The Reserve Bank of Australia (RBA) is working alongside other regulators to "assess and contain" risks posed by rising house prices, pushed upwards by record low rates, Glenn Stevens, the governor of the RBA, said today (August 4).
In a statement following the RBA's decision to hold rates at 2%, Stevens says house prices "continue to rise strongly" in Sydney, while the movement has been "more varied" in other cities. He says the low rate environment is working to encourage borrowing and
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