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HOUSING MARKET MAY PREVENT AUSTRALIAN RATE CUT: ECONOMISTS.

Publication: AsiaPulse News

Publication Date: 30-JUN-03
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COPYRIGHT 2003 Asia Pulse Pty Ltd

SYDNEY, June 30 Asia Pulse - The strong housing market is the only factor stopping the Reserve Bank of Australia (RBA) from easing interest rates this week, economists said today.

The nation's cental bank meets tomorrow to discuss monetary policy, with economists uncertain over whether the RBA will cut interest rates.

A majority of economists anticipate a 25 basis point cut in the next few months, but it may not be this week.

The relatively strong domestic economy, juxtaposed...

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