wrapper

RBA Minutes Indicate that Housing Market Conditions “Warrant Careful Monitoring”

Tuesday, Aug 15 2017
RBA Minutes Indicate that Housing Market Conditions “Warrant Careful Monitoring”

Australia’s red-hot housing market warrants “careful monitoring” by policymakers, especially as household balance sheets continue to rise, the minutes of the August 1 Reserve Bank of Australia (RBA) meetings showed Tuesday. Although there are some signs that housing market conditions are stabilizing, capital regions such as Sydney and Melbourne continue to see strong price growth. What’s more, “overall housing credit growth had continued to outpace the relatively slow growth in household incomes.”

The RBA held its trend-setting interest rate at a record low of 1.5% earlier this month, where it has stood since August 2016. Policymakers are under growing pressure to begin normalizing interest rates sooner rather than later, particularly as house prices in the cities of Sydney, Melbourne and Canberra continue to rise at breakneck speeds.  At the same time, the RBA still has plenty of scope for keeping policy highly accommodative with inflation sitting below target and wage growth failing to gain traction.

More in this category: « U.S. dollar climb as North Korea worry fades for now German GDP grew by 0.6% in Q2 »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.