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Australia's Rba Considered Delaying Rate Cut - Nasdaq.com

The RBA said it would be important to assess the effects of these measures. Some economists have warned that pockets of the housing markets are now showing "bubble-like" conditions, making the rate cut potentially risky. The resource-rich economy has been hit hard in the last year by falling commodity, particularly for iron ore and coal, it's two biggest exports. Investment in resources has collapsed and is yet to be replaced by capital spending in other areas of the economy. A high Australian dollar had added to http://caldwelllwbr.bravesites.com the woes of the economy, albeit it has now fall by close go!! to 30% since its historic peaks above parity in 2011. The Australian dollar has fallen a long way against the U.S dollar, but not so against other major currencies. "A lower exchange rate was likely to be needed to achieve balanced growth in the economy," the minutes said. Stevens told visit site parliament Friday the economy was in need of more growth, with employment data the day prior showing a jump in unemployment to its highest level in around twelve and half years.
More: http://www.nasdaq.com/article/australias-rba-considered-delaying-rate-cut-20150216-00343

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