IMF launches global house price observatory to 'nudge' prudential policy-makers

EE 4G hits more towns and cities

The International Monetary Fund (IMF) has unveiled a new initiative on housing it said would "nudge" governments and central banks to take "early action" on booms.

Global Housing Watch, a website that compiles countries' average housing prices and compares them to incomes and rents, was described by IMF deputy managing director Min Zhu as a "one-stop shop for our data on housing indicators".

"[IMF] research indicates that boom-bust patterns in house prices preceded more than two-thirds of the

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