Interest Rates Remain On Hold

A slowdown in housing market conditions has helped to alleviate some of the pressure to raise the cash rate.  The fresh round of macro-prudential policies announced in late March have resulted in tighter credit policies and premiums on mortgage rates for investors and interest only borrowers.  Tougher lending conditions have arguably had a similar effect as a lift in the cash rate, except the effect is more focussed on slowing investment activity across the housing sector while low…