RBA sees regulatory measures helping contain risks in Sydney, Melbourne housing markets

Tue, 06 Oct 2015

By Jonathan Underhill Oct. 6 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at 2 percent, as expected, and indicated it has become slightly less concerned about volatility in financial markets and the overheated housing market in Sydney and Melbourne. Governor Glenn Stevens released a statement that was almost a carbon copy of last month's monetary policy statement on Sept. 1, noting that the Australian dollar was adjusting to significant declines in key commodity prices and repeating that it would continue to...

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