• RBA minutes: Agreed holding rates steady a source of stability and confidence

Market news

16 October 2018

RBA minutes: Agreed holding rates steady a source of stability and confidence

  • recent modest fall in AUD helpful for domestic economic growth

  • findings of Royal Commission could lead banks to further tighten lending standards

  • important to measure supply of credit so that economy continued to be supported

  • RBA noted modest increase in banks' funding costs, mortgage rates still low after recent rises

  • home prices had fallen noticeably in Sydney and Melbourne, following previous strong gains

  • uncertain on consumption given subdued income growth, falling home prices


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