• RBA minutes saw rising risks in household debt, housing markets

Market news

18 April 2017

RBA minutes saw rising risks in household debt, housing markets

  • Recent data provide more confidence that global growth accelerating broadly

  • Chinese economy appeared to have strengthened; protectionist policies in U.S still a risk

  • Tighter regulations to reinforce prudent lending, curb interest-only loans

  • Would take some time to assess effects of new rules, ready to do more if needed

  • Repeats a rising in AUD would complicate economic adjustment

  • Gdp likely expanded at moderate pace in q1, impact of cyclone debbie unlikely to be large

  • Commodity prices to boost national income in q1, but terms of trade to decline from here

  • Labour market somewhat weaker than expected, keeping wage growth low

  • Cpi expected to pick up above 2 pct in 2017, core inflation to rise more slowly

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