According to the Real Estate Institute of Australia, the June 2015 quarter CPI figures confirm the RBA Board’s assessment at its July meeting that inflationary pressures are well contained and are likely to remain so. REIA President, Neville Sanders, says “this should translate into a sustained period of low interest rates and be good news for home owners.”
“In the June quarter, the CPI rose by 0.7% and an annual rate of 1.5%. These figures are below the RBA’s target zone of 2-3% and should not put pressure on the interest rate outlook,” Mr Sanders said.
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