Intervention on house prices

Have you ever noticed that when politicians or economists want the Central Bank to become involved in the housing/mortgage market they call on them to “intervene” but when they don’t want the bank to become involved they warn them not to “interfere”!

Isn’t it ironic that now that this is so much in the news German finance minister Wolfgang Schäuble, who can hardly be described as radical, announces that the Deutsche Bank is to intervene in Germany’s easy mortgage/ rising house prices problem.

Brendan Casserly