RBA Keeps Interest Rates On Hold (Jul 2017)

Director of Research Tim Lawless comments on today’s interest rate decision.

It came as no surprise that the RBA has held the cash rate at 1.5% for its tenth consecutive meeting today. The decision comes on the back of upbeat labour market reports, with unemployment falling to 5.5% since the last meeting and a trend towards more job advertisements. While the jobs market appears to be strengthening, other factors remain subdued, with wages growth tracking along record lows at just 1.9% per…