• RBA says some signs housing market starting to cool

Market news

4 July 2017

RBA says some signs housing market starting to cool

  • Employment growth has been stronger over recent months

  • Indicators of labour demand remain mixed

  • House prices rising briskly in some markets

  • Rising AUD would complicate economic adjustment

  • Various forward-looking indicators point to employment growth going forward

  • Supervisory measures should help address debt risks

  • Housing debt has outpaced slow growth in incomes

  • Inflation expected to increase gradually as the economy strengthens

S.Korea president Moon says N.Korea missile believed to be intermediate - range ballistic missile
At its meeting today, the RBA Board decided to leave the cash rate unchanged at 1.50 per cent. AUD/USD down 80 pips
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