The RBA has held the cash rate at 0.10% for the month of June.⠀
⠀
The decision was held with signs of a further lift in national house values. Dwelling values lifted by 2.2 per cent in May, after a 1.8 per cent jump in April and a 2.8 per cent increase in March.⠀
⠀
The RBA said the housing market and borrowing will be “monitored”.⠀
⠀
In keeping its policy settings in place, the bank said it does not expect to hit its 2 to 3 per cent inflation target or achieve full employment before 2024.⠀
⠀
Source: CoreLogic & SMH
