Dec
03
Central Banks Find That a Tool to Curb Bubbles Is Doing the Job
By-
Lending curbs biting in economies from New Zealand to Canada
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Household debt remains dilemma with some levels still rising
Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox.
Lending curbs to stem financial risk — so-called macroprudential limits — have helped slow risky borrowing and temper property price bubbles in countries from New Zealand to Canada, a host of financial stability reports showed this week. While there hasn’t been uniform success — Hong Kong’s housing market shows no signs of cooling — it’s given central banks some breathing space to be more gradual in tightening monetary policy…
Central Banks Find That a Tool to Curb Bubbles Is Doing the Job
