Aug
05
Sydney’s Housing Slide Is One More Reason for Rates to Stay on Hold
By-
Harbor city property prices fell most since 2009 in July
- Central bank tipped to keep rates on hold for another year
Sydney’s bubbly house prices are sinking and tipped to fall for at least another year, pushing the central bank even further to the sidelines.
Given Australia’s tepid wages, tame inflation, range-bound currency and exposure to a global trade war, Governor Philip Lowe and his board are almost certain to keep the benchmark cash rate at a record-low 1.5 percent when they meet Tuesday…
Sydney’s Housing Slide Is One More Reason for Rates to Stay on Hold
