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RBA faces balancing act between threats and inflating property market

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The Reserve Bank of Australia will have to balance the economic hit of bushfires and coronavirus and a surge in house prices across Sydney and Melbourne at its first meeting of the year

, ahead of an expected downgrade to its growth expectations for the nation.

The combined impact of bushfires and the coronavirus on the Australian economy will be a key part of Tuesday's Reserve Bank board meeting.Following its last meeting of 2019, the RBA said it would reassess the economic outlook in February, with new forecasts due for release on Friday. Melbourne was not far behind. House values there lifted 1.4 per cent last month, with the median value reaching $798,671. Over the quarter, values were up 5.6 per cent, or more than 22 per cent at an annualised rate.

 

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So four people have Coronavirus in Australia and the RBA are stepping in to adjust interest rates? Ffsk pls tell me This is fake news

“The Reserve Bank of Australia will have to balance the economic hit ....” because the LNPFail Grubberment CouldntRunATuckshop

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