Barclays: Rising house prices, growing household debt may not deter RBA from cuts

From a Barclays research piece:

• Rising house prices and growing household debt may not deter the RBA from lowering rates further
• Seems to be a growing inclination toward relying on macro-prudential approaches to curb credit flow to property sector
• Barclays expects another Reserve Bank of Australia rate cut in May
• Say there is a growing risk of an earlier cut in April and risk of further cuts to sub-2%

(The note is dated March 29)