Seeking to stabilise rising house prices or an overheated stock market might mean having to force inflation lower than otherwise would be required. It might also mean greater variability in the real economy, interest rates and, potentially, the exchange rate.
In light of concerns that had been raised by a number of stakeholders, the Reserve Bank, with assistance from the Australian Competition and Consumer Commission (ACCC), has recently undertaken a public consultation on https://www.rba.gov.au/speeches/2019/sp-ag-2019-05-16.html  5/8  5/16/2019  Leaning In: Towards Better Payment and Clearing Systems | Speeches | RBA  NPP access and functionality.