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...]