THE BANK OF CANADA'S SENIOR DEPUTY GOVERNOR ROGERS SAYS TARGETING HOME PRICES DIRECTLY WITH INTEREST RATES 'IS NOT THE ANSWER' AND WOULD RISK IMPOSING COSTS ACROSS THE ECONOMY, WHILE NOTING FALLING

HOUSE PRICES CAN CUT HOUSEHOLD WEALTH, WEAKEN SPENDING AND SLOW SALES AND CONSTRUCTION, AND THAT TAKING MORTGAGE COSTS OUT OF CPI WOULD REMOVE A REAL COST MANY HOUSEHOLDS ARE PAYING.

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