Economist Warren Hogan says RBA keeping powder dry for shocks for China, housing correction escalation

Economist Warren Hogan says the Reserve Bank board will be careful to hold back future interest rate cuts to deal with potential shocks from China or an escalation in the housing correction. 

Professor Hogan - now at the UTS Business School in Sydney - told ABC's Peter Ryan it is significant that the RBA has sidelined its traditional focus on inflation to keeping the jobless rate below the current five percent.  

Warren Hogan spoke with Peter Ryan on The World Today