RBA Stevens: Unwise to further inflate high house prices with rates

FXStreet (Bali) - RBA Governor Stevens is giving a speech to the Committee for Economic Development of Australia (CEDA), with the headlines of his prepared speech now crossing the wires, noting that further rate cuts were unlikely given the risk it poses on high house prices.

Key headlines (courtesy of Reuters)

Stevens says policy must avoid build up of financial sector risk

Stevens says would be unwise to further inflate high house prices with rates

Stevens: best thing rba can do for economy is to run an accommodative policy and rates are very low

Stevens says has made clear his views on relatively high a$, won't repeat them

Stevens says unemployment rate is "concerning", though clouded by data distortions

Stevens: labour market has degree of spare capacity, some time before unemployment falls

Stevens says taking gdp for q1 and q2 together, points to moderate growth

Stevens says signs are growth continuing in current quarter

Stevens says data show further upgrading of non-mining investment, like to see more

Stevens says business balance sheets healthy, well placed to increase investment