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RBA admits low interest rates will boost cost of housing

The RBA has confirmed that it is closely monitoring the impact of low interest rates on the level of housing loan commitments and acknowledged the “inherent” risk of soaring asset prices in the housing market.

RBA admits low interest rates will boost cost of housing
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RBA admits low interest rates will boost cost of housing

The housing market has been touted for its resilience, the minutes from the RBA’s February board meeting revealed, with the bank acknowledging the market’s key role in the country’s economic recovery.

Read more at Nestegg.

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