Cash rate remains at record low of 0.25%

The cash rate has remained at its record low setting of 0.25% since March 20th when the RBA announced a raft of monetary policies aimed at supporting liquidity and lowering funding costs.  At the time, and numerous times since then, the RBA has reiterated the cash rate won’t increase until such time that ‘progress is being made towards full employment and the RBA board is confident that inflation will be sustainably within the 2-3 percent target band’.  Both these factors remain a…