Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
brittoovg

Australia's Rba Considered Delaying Rate Cut - Nasdaq.com

Many in the financial markets were not expecting the cut in as RBA Governor Glenn Stevens had indicated as recently as December that interest rates stability remained an attractive option. Financial markets are now betting the RBA will cut interest rates at least one more time by mid-2015, with some market participants expecting it will continue http://riggertcountry.blog.fc2.com cutting in the second half of the year. Still, there was little guidance in the minutes on how the RBA might proceed. To be sure, the RBA indicated it might move cautiously in cutting interest rates further saying it will need to keep a close watch on house price growth. "Given the large increases in housing prices in some cities and ongoing strength in lending to investors in housing assets, members also agreed that developments in the housing market would bear careful monitoring," it said. The RBA and the Australian Prudential Regulation Authority have website warned about risks associated with strong house price gains. APRA announced in December new guidelines home page for lending to property investors. The RBA said it would be important to assess the effects of these measures. Some economists have warned that pockets of the housing markets are now showing "bubble-like" conditions, making the rate cut potentially risky.
More: http://www.nasdaq.com/article/australias-rba-considered-delaying-rate-cut-20150216-00343

Don't be the product, buy the product!

Schweinderl