UPDATE 2-Australia c.bank cautions about housing boom as rates held at record lows

* RBA leaves the cash rate at 0.1%
* Affirms a commitment to keep politics down for longer
* Suggests a cautious note on the property market as prices soar
* Bank publishes financial stability review on Friday (adds economist quotes, A $)
From Swati Pandey
SYDNEY, April 6 (Reuters). The Australian central bank left interest rates at an all-time low in a widely anticipated decision on Tuesday, but warned not to "carefully" monitor developments in real estate debt in the face of the booming real estate market.
The Reserve Bank of Australia (RBA) also reiterated its commitment to keep policies accommodative for as long as necessary to lower unemployment and increase inflation, signaling that the key rate will stay at 0.1 by at least 2024 % would stay.
The RBA cut rates three times last year, announced a program to control yield curves to keep three-year government bond yields at 0.1%, and launched a massive quantitative easing program for longer-term bonds.
The ultra-light political attitudes sparked a fire beneath the country's property market, where prices rose at the fastest pace in three decades in March.
In a brief statement after the meeting, RBA Governor Philip Lowe noted that the rise in property prices was being driven by strong demand from owner-occupiers and first-time buyers, while he cited continued subdued credit growth for property investors.
"In an environment of rising house prices and low interest rates, the bank will carefully monitor developments in residential borrowing and it is important that lending standards are adhered to," Lowe said.
Analysts generally expect financial regulators to impose tighter macroprudential rules on banks this year to curb risky lending behavior, with the RBA expected to hold rates at 0.1% for some time
"The RBA will continue to monitor this area closely, but will leave any policy response to APRA if price growth becomes a concern," said Sean Langcake, chief economist at BIS Oxford Economics, referring to Australia's regulator.
The Australian dollar remained at $ 0.7640 after the RBA decided to keep the policy rate at 0.1% for its fourth session in a row.
The central bank reiterated that it will not hike rates until actual inflation is sustained within its target range of 2-3%, a target it is unlikely to hit before 2024.
The fiscal and monetary response so far has helped Australia emerge from its first recession in three decades. Retail sales, construction activity, business confidence, consumer sentiment and employment data have exceeded expectations over the past few months.
Earlier figures showed that the Australian job posting rose to its highest level in 12 years in March, up 7.4% from the previous month.
The RBA will release its semi-annual financial stability review on Friday highlighting risks to the financial system as well as trends in the industry. (Reporting by Swati Pandey; Editing by Shri Navaratnam)
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