Global Boom in House Prices Becomes a Dilemma for Central Banks

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support.Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term. Pulling back too hard means unsettling markets and sending property prices lower, threatening the economic recovery from the C
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