"I'd suggest we classify the market as paused and treat the prices observed before the pause as the current prices — like how equity markets operate, but on a larger scale."
After the information was picked up by other outlets including the Australian Financial Review, the new emails show the bank's head of communications Judy Hitchens tried to find a journalist to "write about the challenges of measurement in an unsettled market — so people understand the point [Dr Garvin] was making".
"In any case, to achieve what you're aiming for, you'd need to pitch the idea to a receptive reporter and offer an on-the-record interview as incentive," he wrote.The bank did not go through with the plan.Minutes of the board's May 5 meeting, released publicly, noted "demand for both new and established housing had fallen" and falling incomes, confidence and population growth "were expected to affect demand for new housing for an extended period".
Bring Back EMMA..... shez good at da economic stuff
Shooting the messenger, perhaps.
Any person who has a mortgage so as to purchase property... is a fool!!! ... and fully deserves what is coming.
the world economy is a billion variable nonlinear system with feedback loops,... there is nobody in the rba that has any idea what house prices will be in the future
Any story to help their rich mates.
This is not the first time. The sort of journalism that tries to start a fire so it can be reported has no place at the ABC. Please fix,
If only they had a brilliant economicscorrespondent
Because everything is an unprecedented disaster with the ABC.
The economy is locked down, rates can't go much lower, govt programs/handouts cost the future generations in tax & inflation. People deserve to know before making an investment Reserve Bank economist considered asking private firms to hide data about slumping property prices
Couldn’t have waited until that guy walked by before taking the photo?
Time to defund this Leftie swamp DefundTheirABC
Why does the ABC want to spread potentially destabilising disinformation? What’s its agenda? Sorry, rhetorical question.
Well they are probably correct. ABC's ASIO corridor visit was just as absurd and not worthy of decent journalism and social value.
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