Macro-pru can offer ‘breathing space’ for Australian housing

Philip Lowe, governor of the Reserve Bank of Australia

Recent macro-prudential measures implemented by the Australian Prudential Regulation Authority (Apra) will not prevent high house prices, but “they can provide some breathing space”, the governor of the Reserve Bank of Australia has said.

Speaking in Brisbane on May 4, Philip Lowe addressed one of the biggest problems facing the Australian economy: household debt and rapidly increasing house prices.

While the central bank has been reluctant to raise interest rates, Apra has implemented

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