Cash rate remains unchanged at 0.25%

The cash rate was unchanged at today’s RBA board meeting, holding at the record low of 0.25%, which is where it’s likely to stay until at 2023.  The RBA has previously been clear that the cash rate won’t move higher until inflation is well within the 2-3% target range and labour market indicators are trending towards full employment, implying an unemployment rate around the 4.5% mark.  We will get some clarity on the RBA’s economic forecasts later this week, with the release of the…