Australia unlikely to resort to easing anytime soon

Lowe: Growth will be boosted by further increases in resource exports and by the period of declining mining investment coming to an end. – Bloomberg

Sydney: The Reserve Bank of Australia’s nod to rising leverage and a pick-up in home loans suggests an easing is unlikely any time soon – given the governor has financial stability hard-wired into his DNA.

Philip Lowe and his board left interest rates unchanged at 1.5% yesterday, as expected, and reaffirmed growth would accelerate to about 3% over the next couple of years despite a contraction in the third quarter.