Central banks find post-crisis bubble tool helping to tame financial risks
Singapore
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge