RBA will not raise rates to cool housing market – Lowe
Governor says central bank is not responsible for fixing structural issues in the housing market
The Reserve Bank of Australia will not raise interest rates to cool the housing market, governor Philip Lowe said in remarks today (September 14).
At its September monetary policy meeting, some investors had expected the RBA to begin normalising monetary policy. Instead, Lowe announced an extension of its bond-buying programme alongside the decision to leave rates at 0.1%.
“Some analysts have suggested we might lift the cash rate to cool the property market,” Lowe said. “I want to be clear
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