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1.Market Observations, 8.Was Sticky

3 May 2017 (TheAge) – Reserve Bank leaves cash rate on hold at 1.5 per cent in May

(3 May 2017, The Age, BusinessDay, p35, Eryk Bagshaw)

‘The Reserve Bank has left its cash rate on hold at 1.5 per cent after inflation moved up to the central bank’s target level of 2-3 per cent for the first time since 2014.  Despite the effect an interest rate rise would have on cooling the housing market, the move to leave interest rates unchanged was unanimously predicted by economists, with few expecting a rate hike before mid-2018.’



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