House prices a problem for RBA

21 March 2017

 

The March meeting of the RBA held near the beginning of the month left the overnight cash rate steady at 1.50%, as expected. Historically, RBA meetings in March have been uneventful as rate changes are typically made in February, May, August and November after quarterly CPI figures have been released. However, the minutes from such meetings provide clues with regards to the RBA’s state of mind and where their focus...

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