Economics

Australia Holds Rate, Watches and Waits as Sydney Property Jumps

RBA keeps rate at record-low 1% as expected by most economists
Property prices have jumped by most in more than 2 1/2 years

Kerry Craig, global market strategist at JPMorgan Asset Management, talks about RBA policy and the economy.(Source: Bloomberg)

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By Michael Heath

September 3, 2019 at 4:35 AM UTC

Updated on

September 3, 2019 at 6:29 AM UTC

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Australia’s central bank left policy unchanged as it waits to see how a combination of interest-rate cuts and tax relief impact the economy, with Sydney property prices already showing renewed strength.