interest rates on hold for a while yet

From the closing paragraph of todays RBA monthly release , http://www.rba.gov.au/; On the basis of this assessment, the Board's judgement was that monetary policy was appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the 2–3 per cent inflation target. The Board would continue to monitor developments in the economy, with members noting that, on present indications, the most prudent course was likely to be a period of stability in interest rates.

Oh no ,all the property bears will be pulling their hair out as they anticipated a couple of percent rise impacting property prices down down down .

A worse case scenario would be for more falling interest rates and a lost decade or 2 of stagflation similar to Japan. Stability is key and a little adjustment here or there to keep inflation in the target band .

cheers g