On Tuesday the 6th of June, 2017 Mark Bevan was interviewed by 5AA's Jade Robran. Mark and Jade discussed the Reserve Bank's decision to leave interest rates on hold after their meeting on the 7th June. The 9th meeting in a row to see rates stay on hold.
Mark shares that it is a challenging time for the Reserve Bank. The Reserve Bank are undoubtedly keen to get the economy firing meaning there may have been a temptation to cut interest rates. However housing affordability in Melbourne and Sydney in partcular, has seen house prices having a strong run. It is getting more and more difficult for people to break into the housing markets in these cities.
Listen to Marks full interview below.
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