Certainly, households with low mortgage loan-to-value ratios can borrow on relatively favorable terms through home-equity lines of credit, with the equity in their home effectively serving as collateral.
However the most recent data seem to suggest that inflation is becoming more generalised, and may reflect the emergence of demand pressures. This is something that the Bank will monitor very carefully. At this stage, monetary policy remains relatively accommodative, given the challenging growth environment, with real policy interest rates slightly below zero.