PHOTO: RBA Governor Philip Lowe still has his eye on “considerable additional supply of apartments” hitting some capitals. Picture: Hollie Adams/The Australian
FRESH signs have emerged that the Reserve Bank will be sitting on its hands for a while yet, though experts agree that the next time they do decide to move it will be up.
RBA Governor Philip Lowe today confirmed the board had decided to leave the cash rate unchanged at 1.5 per cent today, a move that was widely expected.
He made particular mention of a housing slowdown in the country’s two biggest markets – Sydney and Melbourne.
“The housing markets in Sydney and Melbourne have slowed,” he said.
“Nationwide measures of housing prices are little changed over the past six months, with prices having recorded falls in some areas.
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