The RBA Governor, Glenn Stevens is expected to keep interest rates steady at 4.5% for the near term.
After six consecutive rate rises the RBA paused and took breath in June and held rates steady.
Official housing finance data for April is due to be released this week and is expected to show a 2% drop. This follows a 3.4% drop in March.
Consumer confidence plummeted 7% in May according to recent Westpac-Melbourne Institute data and is expected to drop further in June.
Filed under: Australian Economy, Home Loans & Mortgages, consumer confidence, housing finance data, RBA
