Transparent and sound monetary policy can boost confidence in the stability of the growth outlook, an outcome that can in turn alleviate precautionary demand for savings and encourage investment, pushing up the equilibrium interest rate. However, as I have said before—and Ben Bernanke before me—"Monetary policy is not a panacea.
Maintaining the co-existence of house tenancy and selling is not only a method to satisfy the housing needs of the low-income people, but also a prerequisite to maintain the free mobility of the workforce.