RBA GOVERNOR GLENN STEVENS EXPECTS INTEREST RATES TO STAY ON HOLD AS HOUSE PRICES COOL

Friday, November 06, 2015
Official interest rates are likely to stay on hold for some time because inflation is under control and home prices appear to be cooling down, the Reserve Bank governor has told a major economic conference.

In a speech to the Economic and Social Outlook Conference in Melbourne, Glenn Stevens said official rates were more likely to go down than up.

"It seems likely that an accommodative stance will be appropriate for some time yet," Mr Stevens said.

"I think everyone knows that were a change to monetary policy to be required in the near term, it would almost certainly be an easing, not a tightening."
 
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