Reserve Bank of Australia announcement - leaves rates on hold
- Says further easing might be appropriate
- Data suggests growth continuing at below trend pace
- Sees inflation remaining consistent with target over next 1-2 yrs
- Says will continue to assess case for action at coming meetings
- Says lower AUD needed for economy
- Says growth in lending to housing investors does not appear to picking up further at present
- Says further fall in AUD seems likely
- Says lending to businesses has strengthened recently
- Says Sydney home prices continue to rise strongly, trends more varied elsewhere
- Working with other regulators to contain risk in housing mkt
Quick Headlines via Reuters
