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Australia's central bank frets on financial stability as household debt mounts

Reuters  |  SYDNEY 

SYDNEY (Reuters) - Australia's central bank has stuck to its upbeat tune on economic growth, but heightened concerns about financial stability suggest interest rates will remain at record lows even as policy makers abroad turn hawkish. Minutes of the Reserve Bank of Australia's (RBA) June meeting showed soaring household debt in the country's red-hot property market and weak wages growth were at the forefront of policy makers' minds."The board judged that holding the accommodative stance of monetary policy unchangedat this meeting would be consistent with sustainable growth in the economy ...

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First Published: Tue, June 20 2017. 08:28 IST