RBA

The RBA could be coming to the opinion that house prices aren’t actually cooling as much as they’d like.

The RBA has kept rates on hold for another month despite the central bank weighing the economic effects of sluggish growth, weak inflation and a resurgent Australian dollar.

Interest rates look set to stay put for some time with the RBA talking down any further cuts out of fear of rising household debt.

The Reserve Bank has extended its long run of stable interest rates for another month, leaving them at 1.5 per cent today, but borrowers are being told to enjoy it while it lasts.

Former Reserve Bank board member John Edwards says the central bank could lift interest rates several times over the next two years.

The Reserve Bank has left the official cash rate at 1.5 per cent for another month as the property markets in Melbourne and Sydney both look to be peaking.

The RBA has now kept rates steady since August last year, amid ongoing deterioration of the unemployment rate around the country.

It is the sixth straight month that interest rates have stayed at this level.

Most economists expect rates to remain on hold tomorrow but are divided on where things will head next year.

The Reserve Bank has kept interest rates on hold for a second month and are sounding more upbeat about the economy