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Interest rates not the right 'tool' to address runaway house prices, Reserve Bank says

The Reserve Bank has said property price rises can exacerbate inequality, and it is "certainly an issue" that needs to be considered at the moment.

Interest rates not the right 'tool' to address runaway house prices, Reserve Bank says
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  • Shared by ABC
  • May 07, 2021
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But monetary policy is not the appropriate tool to address the problem, because it is designed to encourage employment and inflation, it said.

Read more the ABC

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