The Distillery: RBA housing hurdle

Jotters generally think the Reserve Bank will maintain its easing bias for a while, but one says a housing bubble could indirectly get in the way of further cuts.

The September Reserve Bank board meeting may have been little more than a token event given an election was just days away, but this week’s will carry more interest. However, despite the greater freedom it will have to act, most commentators think the board is unlikely to use it. The consensus remains that one more rate cut is still on the cards in the next few months, but will a housing bubble derail this school of thought?

Elsewhere, there’s plenty of discussion about the latest budget numbers, which weren’t as bad as expected. Despite this, one columnist warns that a budget black hole could still be lurking around the corner.

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