The State Bank looks forward to working with you and the whole community towards achieving our shared goals of economic growth and social prosperity. Thank you. 4  BIS central bankers’ speeches
In the 2000s, the house price bubble (even though starting from a much higher plateau in real terms than that of the 1970s) was very large and was accompanied by record levels of construction. Interestingly, five years after the crash, house prices had turned well before  BIS central bankers’ speeches  3  reaching the historical average in real terms.