RBA Board Decides To Leave The Cash Rate Unchanged At 0.75 Per Cent.

Considering the RBA is running out of conventional monetary policy ammunition, the decision to hold the cash rate at the historic low of 0.75% was widely anticipated.  The decision to keep rates on hold was supported by the latest labour market and inflation readings, which saw the national unemployment rate nudge lower, while annual headline inflation edged slightly higher.  

Additionally, a rebound in housing values and a rise in buyer activity will hopefully begin to flow through to a…