FILE PHOTO: New homes line a street in the Sydney suburb of Moorebank in Australia, May 26, 2017. REUTERS/Jason Reed
It has also promised to keep policy at the current accommodative levels until inflation is within its 2-3% target band, a goal that has remained elusive for years. The move comes just a day ahead of its monthly board meeting where it is likely to leave rates at 0.1%, though its post-meeting statement would be closely scrutinised for any commentary on soaring home prices, rising bond yields and an appreciating currency.
“We would expect the RBA tomorrow to add a firmer commitment in its post board meeting statement noting that it ‘will act to ensure its YCC target is met’ and ‘key borrowing rates stay low’.”Australia’s early success in curbing the coronavirus pandemic and reopening its economy together with government incentives and record low mortgage rates are driving up home prices, consumer spending, business confidence and jobs growth.
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rich asian
hell nah. Trees are venomous, leafs are venomous, cars are venomous, door knobs are venomous, heck even toilet seats are venomous.
It's boring to sit at home alone, looking for someone to spend time with
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