House price growth is slowing in advanced economies. Our #EconomicBulletin finds that the peak effect of monetary policy shocks on house prices and consumption varies across countries, a divergence largely linked to the collateral and cash-flow channels https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_07~5c49bb27d6.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1689607529553125376