RBA Keeps Interest Rates on Hold, August 2017

The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for August.

The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for August. The cash rate last moved in August 2016, shifting down to the current rate.

Tim Lawless comments: With headline inflation tracking slightly below the 2-3% target range, labour markets tightening and the…