IMF: Central banks need to cushion housing correction

04/4/2008 | Financial Times (free content)

Central banks need to consider housing markets when setting interest rates, the International Monetary Fund said Thursday. "Policy makers may need to respond more aggressively to developments in the housing sector," the IMF said in a report. The IMF comments are the latest in a series of attacks on traditional thinking that dictates monetary policy should not try to dampen booms and busts in property prices.

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