Stevens Signals RBA Considering Ways to Curb Home Lending

Reserve Bank of Australia Governor Glenn Stevens signaled he’s considering steps to limit home loans to investors, who are distorting the housing market.

“Investor finance is growing at double-digit rates,” which is a concern, Stevens told an economics forum in Melbourne today. “I have certain skepticism about macro-prudential tools as a panacea, but I remain open to using them if it seems sensible to do so and that’s the kind of thing we have in mind right now.”