Latest housing sector report now out on the wires
- credit growth still limited
- low interest rates and yields to play key role
- upturn in Eurozone house prices appears sustainable but recovery weaker than in past cycle
- boost to housing affordability from low rates may not be fully sustainable if rates were to normalize further out
Sounds like they feel the need to keep rates low for housing sector to recover further,unsurprisngly. Full report here
