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RBA may leave rates on hold as Sydney house prices soar

Securities regulator looks at mortgage standards as household debt surges

Sydney

PHILIP Lowe has some high-powered backing if he leaves interest rates on hold on Tuesday as widely expected.

Days after the Reserve Bank of Australia (RBA) governor signalled that rate cuts weren't in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector.

The Organisation for Economic Co-operation and Development (OECD) last week highlighted risks posed by Australian property and private debt.

Sydney...

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