Out of cycle rate hikes see RBA hold firm
With more lenders increasing their rates independently, the Reserve Bank of Australia (RBA) has left the cash rate on hold at 1.5% this month. On the housing front, the initiators for this move were declining home prices, a drop in dwelling approvals and a fall in investment credit growth.
Given this, economists predict the Australian economy will slow in 2019, and the RBA will elect to cut rates later in the year if there are no signs of
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Article sourced from eChoice.