Reserve Bank's FLP should be given a decent burial

It's past time for the Reserve Bank to bury its funding-for-lending programme. (Image: iStockphoto)

Mon, 07 Feb 2022

The Reserve Bank added another $1 billion to the housing market conflagration in January as the banks drew further on its funding-for-lending programme (FLP).Two tranches of $500 million each were drawn last month from the FLP, taking total drawings to $7.73b of the about $28b available through to December this year.This certainly won't help calm the housing market or do anything to curb rampant house price inflation.True, the Real Estate Institute's figures for December have been taken as a sign that rampant price escalation may be com...

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