The Reserve Bank of Australia has left interest rates on hold at its monthly board meeting today.
The pre-Christmas cash rate is unchanged at 2.50% where it has been since August.
Statement from Glenn Stevens, Governor of the Reserve Bank of Australia.
At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.
Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined from their peaks, but generally remain at high levels by historical standards. Inflation in most countries is well contained. [Read more...]