The Reserve Bank has continued to apply the brakes to the cash - TopicsExpress

The Reserve Bank has continued to apply the brakes to the cash rate this month, holding them at 2.5%. The economy is sending out a range of mixed signals, with commodity prices down, unemployment edging up and the property market continuing to kick goals with strong price growth and a burst of construction activity. The Spring property season continues to show continued growth off the back of a strong year of premiums paid above the advertised prices for many properties across Australia. There appears to be no prospect of any change from interest rates historic lows for months to come, providing further scope for property price growth.

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