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In this podcast, Garry and Leon look at the Reserve Bank’s decision to keep interest rates on hold – for now. But the big four banks will give the RBA until next month to raise rates, or they say they will go it alone. In other news, the Department of Finance looks at $2.4 billion in cuts to pay for the pledges it made during its negotiations with the Independents, and the Housing Industry Association predicts a steep fall in housing starts as the federal stimulus measures fade.
In this podcast, Housing Industry Association economist Ben Phillips talks about the housing shortage and housing prices.