Central banks are going to face a housing connundrum ...Middle East

The big problem in Tuesday's CPI report was shelter and it could remain the big problem for years.About two-thirds of January inflation rise was from shelter and that component was also a key driver during the post-pandemic period. At that point, it was because of low rates and the rise of remote work. In the future, it could be about high mortgage rates and low housing supply.There's a conundrum brewing in central banking. Hiking rates directly feeds into inflation by making mortgage costs higher. It also makes home construction harder because people can't afford homes, builders can't borrow and builders are wary of volatility in home prices.It's beginning to look like we could have a bounc

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Last updated : 14 February 2024 clock 10:01 PM

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Central banks are going to face a housing connundrum ...Middle East

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