Fitch: RBA rate cut increases need for greater macro-prudential response

FXStreet (Bali) - Fitch rating agency representatives are crossing the wires, via Reuters, noting that the RBA rate cut increases the need for greater macro-prudential response.

Fitch also notes that "the RBA rate cut will likely lead to a strengthened macro-prudential response from the Australian Regulatory Authority", adding that "rate cut likely to further fuel the property market in Sydney."