....This is all a heady mix for the Reserve Bank as it attempts to fine-tune the economy though interest rate movements. It would love to be able to keep interest rates stable (raising them before wages start rising would bring with it a very big credit crunch) and it does not want to lower them because it would hate to set off another housing boom
, especially in Sydney. ...
[Read full article on Guardian
Tuesday 18th of July 2017 12:42:11 AM