These interlinkages imply that policies aimed at improving broad financial and economic conditions and policies focused specifically on housing may be mutually reinforcing. Indeed, the most effective approach very likely will involve a full range of coordinated measures aimed at different aspects of the problem.
It is reasonable to expect that, at some point, the impact of these factors will begin to wane, although exactly when remains an open question. The Reserve Bank continues to monitor these trends very carefully, both at the national level and the micro level.