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Pimco calls for more Aussie property curbs
Add BT as a preferred sourcePublished Wed, Jun 17, 2015 · 09:50 PM
Sydney
AUSTRALIA needs tougher measures to rein in booming property prices and give the central bank maximum flexibility on interest rate settings, Pacific Investment Management Co said.
"Households are exhibiting irrational exuberance," Pimco's Aaditya Thakur and Laura Ryan said in a research report in Sydney.
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