QIC's Peter Sees RBA on Hold Into 2018

The video discusses global currency trends, highlighting that the shift from policy easing to tightening is not just a U.S. dollar story but affects all currencies. The Reserve Bank of Australia (RBA) has been slow to change its policy, but recent developments suggest a shift towards tightening. Economic indicators such as low wage growth, inflation, and household debt are analyzed, painting a complex picture for the RBA. The future outlook suggests the RBA will hold rates until late 2018, with potential tightening later, but faces challenges due to weak growth prospects and housing market issues.

What does the term 'policy tightening' refer to in the context of central banks?

Discuss the potential impact of the housing market on the RBA's future rate decisions.