The Reserve Bank of Australia has maintained the cash rate at 3% - but the more the economy improves, the more likely it is that interest rates will rise.

RBA Governor Glenn Stevens has already warned that current rates are at “emergency” lows and many economists are forecasting interest rate hikes before Christmas – with some saying they could happen as early as next month.

But Australian Property Monitors economist Matthew Bell says he doesn’t expect rate hikes to occur until the RBA receives more economic data. Bell also says small rate hikes won’t dampen demand for property until at least late 2010 or 2011.

 

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Tags: Australia, Demand, Interest Rates, RBA

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