RBA Expected to Hold Rate at 1.5%

The video discusses Australia's economic conditions in 2017, focusing on inflation, the housing market, and interest rates. It highlights the Reserve Bank's cautious approach to managing inflation and interest rates amid regional economic disparities. The booming housing market in Sydney and Melbourne contrasts with declining prices in Western Australia and Queensland. The Reserve Bank aims to balance these differences without exacerbating household debt.

What challenges does the Reserve Bank of Australia face in managing interest rates?

Discuss the implications of household debt in relation to the housing market in Australia.