RBA counter-cyclical moves will be 'inevitable', says Commonwealth Bank economist

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Increased activity in Australia's housing market will make macro-prudential interventions by the Reserve Bank of Australia (RBA) "inevitable" in the long run, according to a leading analyst at Australia's largest commercial bank.

The RBA kept its cash rate unchanged at 3% at its meeting on April 2, and the minutes of the meeting – released yesterday – say growth is "forecast to be a little below trend in 2013, and inflation close to target", though there may be "scope for further easing should

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