RBA governor Lowe making a scheduled speech 4 April
- and of dealing with debt
- financial regulators will consider further prudential measures to retrain home prices and lending if needed
- regulators concerned about risks to the future health of Australian economy from indebtedness
- new measures on home lending should help pull back the whole system to a more sustainable position
- wants to see an improvement in labour market to be confident overall economy is strengthening
- slows wages growth making it harder for some households to pay down debt
- too early to assess economic damage from cyclone Debbie and NSW floods
- possible shift to global protectionism is bad for Australia and world economy
Sydney house prices have doubled since 2009
The RBA earlier today left interest rates on hold as widely expected the aussie $ has come under subsequent fire. Large options in play between 0.7570-85.
Currently 0.7565 after 0.7557 lows.
RBA'S Lowe - Addressing supply side of housing market bubble
