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Flat White

Australia: trapped by cheap credit

29 August 2017

7:26 AM

29 August 2017

7:26 AM

The Reserve Bank of Australia has all but conceded that Australia is trapped in a debt and asset price bubble – a bubble we can’t escape from without significant pain.

Last month, the RBA, through its July board meeting minutes, introduced into the economic lexicon the concept of ‘neutral real interest rates’.

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