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Fischer becomes model for central bankers seeking soft landings

Posted on 06 December 2010

From Bloomberg: Israel’s Stanley Fischer hopes to do something with the country’s housing market that central bankers in the U.S., Ireland and Spain have tried and mostly failed to do in the past four years — bring it in for a soft landing.
House prices in Israel climbed 19 percent in the past year, fueled by a shortage of properties and record low interest rates, the Bank of Israel estimates. Fischer, the central bank governor, has tried to slow growth by raising borrowing costs six times and requiring higher bank provisions for some loans……………………………………….Full Article: Source


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