Interest Rates on Hold (Apr 2017)

In a widely anticipated decision, the Reserve Bank has left the cash rate on hold at the record low setting of 1.5%. It seems the RBA is stuck between a rock and hard place. They aren’t likely to push rates higher just to quell housing market exuberance; doing so could push inflation lower and the Australian dollar higher as well as cancel out some of the much needed stimulus that many sectors of the economy are benefitting from. On…