Back
31 Mar 2015
Housing market a major concern for the RBA - Rabobank
FXStreet (Bali) - Jane Foley, Senior Currency Strategist at Rabobank, notes that the rapid pace of house price appreciation is a major concern for the RBA.
Key Quotes
It has been our house view for some time that the RBA will have to ease rates again in order to protect the Australian economy from economic risks stemming from slowing Chinese growth.
That said, it appears as if the RBA’s steady policy decision on March 3 was heavily influenced by the continued rapid pace of house price appreciation and most recent data suggests that this is likely to remain a concern for the RBA going forward.
Key Quotes
It has been our house view for some time that the RBA will have to ease rates again in order to protect the Australian economy from economic risks stemming from slowing Chinese growth.
That said, it appears as if the RBA’s steady policy decision on March 3 was heavily influenced by the continued rapid pace of house price appreciation and most recent data suggests that this is likely to remain a concern for the RBA going forward.