RBA on hold, interest rate hikes done?

ausbiz TV

The RBA Board unanimously voted to keep interest rates on hold today at a cash rate target of 4.35 per cent, as it looks increasingly likely that the cycle is done.

The WIT crude oil price fell another -7 per cent to below $76/barrel overnight, whereas previously there had been fears and forecasts of $200/barrel!

The statement from the Aussie central bank was perhaps marginally more dovish that expected. 

Australia's 3-year bond yield has been trading at around 4.4 per cent.

I joined Andrew G on ausbiz TV to discuss the RBA interest rate decision, and the impacts for the housing market.

Tune in here (or click on the image below):

James Foster took a further look at the interest rate decision details here.

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