RBA’s Lowe weighs impact of wealth redistribution
Australians took on more risk as house and land prices rose
Australia's distribution of wealth has shifted in recent years, which seems to have encouraged risk-taking and may affect monetary policy, Reserve Bank of Australia (RBA) deputy governor Philip Lowe said today (August 12).
Delivering a lecture at the University of Western Australia in memory of economist Edward Shann, Lowe said wealth in Australia had been redistributed in recent years by a steady rise in house and land prices.
Lowe said recent research by the RBA had found house prices affect
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