No Change To Interest Rates; Reserve Bank Leaves Cash Rate At 2%

The Reserve Bank of Australia has left interest rates on hold with its decision today to leave the cash rate unchanged at 2%.

The cash rate has now remained unchanged since May 2015.

Statement by Glenn Stevens, Governor, Reserve Bank of Australia.

Statement by Glenn Stevens, Governor

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. [Read more…]


No Change To Interest Rates; Cash Rate Still 2.5%

At its monthly board meeting today, the Reserve Bank of Australia has left the cash rate unchanged at 2.5%.

The cash rate was last changed in August 2013, when it was reduced from 2.75%.

Statement from Glenn Stevens, Governor of the Reserve Bank of Australia.

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

Growth in the global economy is continuing at a moderate pace. China’s growth remains generally in line with policymakers’ objectives, with weakening property markets a challenge in the near term. Commodity prices in historical terms remain high, but some of those important to Australia have declined this year. [Read more…]