Home buyers could be in for a financial reprieve ahead of Easter, with the Reserve Bank saying it will consider a pause in interest rate increases at its April meeting.
was hit by client outflows and a stock rout, show the concern about the impact of such a rapid tightening of monetary policy.
“At what point it will be appropriate to pause will be determined by the data and the board’s assessment of the outlook.” “Members noted that monetary policy was in restrictive territory and that the economic outlook was uncertain. These considerations meant that it would be appropriate at some point to hold the cash rate steady, to assess more fully the effect of the interest rate increases to date,” the minutes showed.
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