Housing markets
Chinese regulator urges banks to fund housing projects
Some analysts argue it is time for Beijing to intervene more forcefully
Bank of Israel orders biggest rate rise since 2011
Central bank continues “monetary contraction” as Israel faces fifth election since 2019
IMF warns Iceland over bank privatisation and housing market
Some bank investors have conflicts of interest and housing market is overheating – report
PBoC chief vows to keep policy accommodative
But economist expects room for China to cut interest rates further to be small
Canada proposes ban on foreign investors buying houses
Hot housing market is adding to domestic inflation’s record highs, but some are sceptical the ban will work
Dallas Fed research says housing bubbles are ‘brewing’
Housing price expectations may have unanchored from fundamentals, paper finds
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
US short and mid-term inflation expectations fall, says NY Fed
But housing price expectations rose 0.5% in January
Iceland raises rates again as inflation reaches highest level since 2012
MPC accelerates current cycle as experts point to problems in housing market
People’s Bank of China continues rate cuts
Cuts follow weaker growth figures as deputy governor promises stable credit growth
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another
RBNZ prepares curbs on debt service
Central bank is concerned by “very high debt” and “unsustainable house prices”
Fed warns of China debt risks
Financial Stability Report mainly optimistic about systemic health, including housing market
Bank of Thailand raises LTV ratio cap as recovery slows
Central bank says home loan measure has limited risks despite high household debt
Dallas Fed predicts 2022 core inflation above 2%
Economists expect auto and transportation costs to abate, but spike in housing prices
China’s financial market at risk of ‘distress’, RBA report warns
Authorities may have to choose between market discipline and intervention to save Evergrande
Larry Summers on stagflation risks, lessons from Delphi and never-ending ‘punch’
The former US Treasury secretary speaks about fiscal ‘overexpansion’, Fed/Treasury debt discord, the pitfalls of ‘unknown unknowns’ and central bankers ‘unable’ to remove the ‘punchbowl’
Goodhart, Gopinath and Lippi disagree on inflation
Central banks lack tools to deal with inflation, Goodhart warns, but IMF chief economist disagrees
RBNZ to tighten housing loan limits in November
“House prices remained unsustainable” despite earlier action, New Zealand governor Bascand says
RBA will not raise rates to cool housing market – Lowe
Governor says central bank is not responsible for fixing structural issues in the housing market
OCC issues $250 million penalty against Wells Fargo
US regulator says bank has failed to meet commitments on loss mitigation
South Korea raises policy rate
Governor cites rising household debts and house prices as reasons to tighten policy
The distant cry of hawks? Fed begins tightening talk
Richard Clarida gives a date for hiking interest rates, as debate on taper timing continues
Macro-pru mortgage limits were successful – RBA research
Central bank rates performance of policies implemented to cool risks in the housing market