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Sydney Housing Worries May Mean RBA Will Hold Rates

  • All economists surveyed expect no change after Tuesday meeting
  • Australia mortgage-lending standards under the microscope

Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected.

Days after the Reserve Bank of Australia governor signaled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation & Development last week highlighted risks posed by Australian property and private debt.