Moreover, borrower-based measures can exacerbate the impact on inequality arising from housing shortages and housing price appreciation. In such a situation, it is preferable for monetary policy to incorporate financial stability concerns into its policy deliberations. This is something that has long been recognised in our two-pillar strategy, which we would be well advised to maintain if not enhance.
At this point in time, you’re curious minds will have a lot of questions, some of them will be answered by your mentors, some will be left unanswered, and for them you have to use your imagination and knowledge.