Thursday, 18 April 2013

"Carney warns of quicker rate hike if household debt not tempered"

"Bank of Canada Governor Mark Carney warned on Thursday that interest rates could rise sooner if the growth in household debt, which is related to the housing market, was not tempered.
“A concern of the Bank of Canada...has been the pace of growth of household debt, which has been related to dynamics in the housing market. And so a number of measures have been taken to slow that pace,” he told a Reuters-sponsored event, noting that the growth rate has fallen “quite nicely” to 3 per cent from 13 per cent."
- interesting how Carney still keeps the rate hike bias.  I wonder if the next BoC governor will keep this tone..
also read:
Coming mortgage growth slowdown to mirror trend in 1990s downturn, RBC says

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