Business
No surprises: Reserve Bank keeps Australia’s official cash rate at historic low of 0.1 per cent – NEWS.com.au
No surprises: Reserve Bank keeps Australia’s official cash rate at historic low of 0.1 per cent
The Reserve Bank of Australia has kept the official cash rate on hold at a historic low 0.1 per cent, saying inflation and wage pressures remain subdued despite the strong recovery in the economy and jobs.The RBA handed down the determination after the board’s latest monthly meeting on Tuesday.
Governor Philip Lowe reiterated the central bank would not increase the cash rate until actual inflation was sustainably within the 2 to 3 per cent target range, up from 1.1 per cent currently.
That would…
-
Noosa News21 hours agoPilot left with life-threatening burns to his body as plane crashes to ground in Raglan, Queensland
-
Noosa News15 hours agoTeenage girl killed in house fire in Lawnton, Queensland as police probe potential e-bike link
-
Noosa News22 hours agoWhen will my HECS debt be cut? Millions of Australians wake to 20 per cent cut
-
General22 hours agoHow migrant and overseas Christians are helping keep Australian churches alive