Opinion
Housing market will welcome RBA rate cuts
The beleaguered residential property market will be one key transmission mechanism through which the RBA’s interest rate relief will affect the wider economy.
Christopher JoyeColumnistSo, we have finally received the long-awaited December quarter inflation data, which has paved the way for the Reserve Bank of Australia to cut interest rates for the first time since November 2020.
Martin Place opened the door to this possibility when it shocked the market by suddenly shifting to an “easing bias” that presaged lower rates at its board meeting in December last year.
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