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Australia's central bank carefully monitoring labour, housing markets

Reuters  |  SYDNEY 

SYDNEY (Reuters) - Australia's central bank was confident core inflation would pick up by early 2018, but worries about a subdued labour market amid soaring household debt forced it to stand pat on rates earlier this month. Minutes of the Reserve Bank of Australia's (RBA) May meeting showed jobs and housing were at the forefront of policy makers' minds."The board continued to judge that developments in the labour and housing markets warranted careful monitoring," the six-page minutes of the policy meeting showed.The central bank left interest rates at a record low 1.50 percent for a ninth ...

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First Published: Tue, May 16 2017. 09:48 IST