IMF calls on Nordics to keep housing markets in check
Norges Bank could be forced to normalise policy rate above inflation target
The International Monetary Fund (IMF) is lamenting that rising house prices "complicate" the conduct of monetary policy in Sweden and wants structural reforms in Norway to be geared towards supporting the transition to an economy "less dependent on oil and gas".
In two separate Article IV reports published on Friday, the fund called on Swedish authorities to impose macro-prudential measures targeted specifically at households and warned that Norges Bank could "eventually" be forced to raise its
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Pandemic macro-pru in Africa was effective – FSI study
Paper from Basel-based institute says relaxing macro-prudential requirements can boost bank lending
Market-based systemic risk metrics ‘crucial’ for supervisors
Paper finds measures are effective at predicting crises in the US over a long period
BoE stress test highlights liquidity risks in non-banks
“First-of-its-kind” scenario exercise reveals how repo financing could be insufficient during shocks
Basel Committee examines use of CCyBs across jurisdictions
Report highlights how more jurisdictions are implementing positive neutral buffer rates
FSB praises Brazil’s efforts to supervise investment funds
Review points to progress in limiting leverage but says regulatory body needs more staff
Upping LCR will not address systemic risks – Hernández de Cos
Panellists shed light on liquidity risks in banks, non-banks and US Treasuries
FSB publishes 2024 G-Sib list
One bank moves up while another moves down, as dashboard reveals detailed scores for each lender
No ‘compelling case’ for changing liquidity rules – BIS’s Restoy
There are other ways to promote stability, says chair of Financial Stability Institute