Reserve Bank Governor Glenn Stevens has left the door open to further cuts in official cash rates but warns that longer term risks need to be considered.

While Stevens suggests that current metrics don’t suggest that interest rates have reached a level that is fostering dangerous forms of risk-taking, it certainly appears that the bar to cutting interest rates further is moving higher.

Unless that trend reverses and the economy fails to accelerate, as the‪#‎RBA‬ and Treasury expect, it’s unlikely that the #RBA will opt to reduce interest rates further given already-heightened concerns about the greatest source of domestic household wealth, Australia’s east coast‪#‎property‬ market.

Source: Business Insider Australia