OECD says Australia must lift interest rates to cool housing market
Australians may face higher interest rates next year, as the The Organisation for Economic Cooperation and Development warns of the need to "unwind tensions" in the housing market.
As we face uncertainty on the political front this will definitely make it increasingly difficult to manage the economy moving forward, but the future leadership will need to take responsibility for supporting the economy.
The RBA’s decision to leave interest rates on hold was widely expected and the right move in the current context, as the market finds its feet this year.