Adviser to Australian PM: RBA will cut again

A senior economic adviser to the Australian PM Turnbull and former chief economist of Citibank, Stephen Koukoulas,  told in an interview, RBA will “reluctantly” cut interest rates next year, due to concern over house prices.

Key Quotes:

 “I think the RBA will cut again, reluctantly, because they're worried about house prices, particularly in Sydney and Melbourne

“I think, maybe early in the New, if the labor market remains sluggish, the risk reward for the RBA is just to trim rates a little more, which might take a little bit of heat out of the Aussie dollar.”