RBA meeting on Tuesday, an on hold decision is a “no-brainer”

Paul Brennan is chief economist at Citi, comments on the Reserve Bank of Australia meeting due this week
– Says the decision for the RBA is a ‘no-brainer’
– Monetary policy is currently sandwiched between low (below target) underlying inflation & reaccelerating house prices
(Brennan referring to Friday’s tightening of macro prudential measures by the Australian Prudential Regulation Authority last week – )