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Australia's Rba Considered Delaying Rate Cut - Nasdaq.com

To be sure, the RBA indicated it might move cautiously in cutting (visit) interest rates further saying it will need to keep a close watch on house price growth. "Given the large increases in housing prices in some cities and ongoing strength in lending download to investors in housing assets, members also agreed that developments in the housing market would bear careful monitoring," it said. The RBA and the Australian Prudential Regulation Authority have warned about risks associated with strong house price gains. APRA announced in December new guidelines for lending to property investors. The RBA said it would be important to assess the effects of these measures. Some economists have warned that pockets of the housing markets are now showing "bubble-like" conditions, making the rate cut potentially risky. The resource-rich economy http://ikeniloty.wordpress.com has been hit hard in the last year by falling commodity, particularly for iron ore and coal, it's two biggest exports.
More: http://www.nasdaq.com/article/australias-rba-considered-delaying-rate-cut-20150216-00343

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