Lending growth stalling, rate rise highly unlikely

With the pace of lending slowing and year on year new home sales down 11 per cent, it is highly unlikely the Reserve Bank will move to change the official cash rate from 6.25 per cent.
What may be worth considering is the impact the greening of Australia's utilities may have on consumer prices. There are already indications that the recent closure of the Australian / PNG gas pipeline project will see the price for natural gas increase in residential markets.
With calls for renewable energy, national water management and other green or environmentally responsible outputs, obviously there will be a cost to be borne, first by the Government (ultimately the taxpayer) and then by consumers through higher prices for essential services.
While the end inflationary impacts will be seen some time away, it is worthwhile considering the financial impact such solutions / schemes may present in the future.