Reserve Bank of Australia Governor Glenn Stevens warned of housing market bubble risk

Market news

3 September 2014

Reserve Bank of Australia Governor Glenn Stevens warned of housing market bubble risk

The Reserve Bank of Australia (RBA) Governor Glenn Stevens has spoken at the Committee for Economic Development of Australia (CEDA) in Adelaide. Glenn Stevens warned of housing market bubble risk due to low interest rates. Analysts interpreted his comments as meaning the RBA won't cut rates again.

The RBA governor noted that the RBA does not want "to foster too much build-up of risk in the financial sector".

Dow 17,072.73 +5.17 +0.03%, Nasdaq 4,569.46 -28.73 -0.62%, S&P 500 1,999.68 -2.60 -0.13%

European stocks close: stocks closed higher on a ceasefire discussion

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.