Australia's Housing Dilemma Will Keep RBA From Changing Rates
- RBA widely expected to leave cash rate at 1.5% on Tuesday
- Aussie dollar strength is renewed headwind for economy
RBA Expected to Hold Rate at 1.5%
This article is for subscribers only.
The Reserve Bank of Australia is setting one policy for two very different economies.
In the east, Sydney and Melbourne are seeing booming property prices and spiraling household debt; on the western side of the continent, housing and rental costs in Perth are falling as mining companies retrench. The upshot: interest rates aren’t likely to be going anywhere soon.