Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at a record low of just 1.50%. It was the last RBA’s first board meeting for the year. The RBA noted: That other developed economies…
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at a record low of just 1.50%. It was the first RBA board meeting with new Governor Philip Lowe in charge. The RBA noted…
Last Tuesday the 2nd August the Reserve Bank of Australia (RBA) cut the official cash rate to a record low of 1.5%. Whilst the cut was widely expected my leading economists, many Australian’s are surprised by the new interest rates…