The Effectiveness of Monetary Policy of Official Cash Rate (OCR) on House Price Movements
||The Effectiveness of Monetary Policy of Official Cash Rate (OCR) on House Price Movements
||18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
||There was a problem for the effectiveness of monetary policy by setting OCR changes to influence house price movements. We find that the announced OCR changes had a close link to the floating or short-term mortgage rate changes, and in contrast house price movements were linked to long-term fixed mortgage rates. Our research further demonstrated that the ratio of overall value of floating to fixed rate mortgages had significantly eased on the effectiveness of monetary policy of OCR changes on house price movements.
||monetary policy, house prices, ocr
Post discussion ...
||G3: Green Buildings & Valuation
These pages are best viewed with any standards compliant browser (e.g. Mozilla).