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1.Market Observations, 8.Was Sticky

3 Dec 2016 (AFR) – IMF issues fresh warning for Australian housing

(3 December 2016, AFR, p1, by Karen Maley)

‘Australia may need to introduce even tougher prudential standards on home lending and encourage banks to raise more capital to ensure it can withstand major economic shocks, says IMF deputy managing director Tao Zhang. In a rare visit to Australia by such a senior IMF official the recently appointed Mr Zhang told The Australian Financial Review in Sydney yesterday that while “housing related vulnerabilities are showing tentative signs of stabilisation”, the country’s high dependence on trade makes it susceptible to the sort of protectionist policies articulated by Donald Trump yet again this week.’

Read more at AFR.com.

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