The Trader 

Market Outlook: Australia’s rates on hold

The Trader

The Reserve Bank of Australia met today and kept the key Cash rate unchanged at a record low 1.5 per cent per annum.  Widely expected, the reasons for the stance included low wage growth, and inflation expected to remain subdued.  They maintained a forecast of GDP growth ‘a bit above’ 3 per cent this year and next.  As way of comparison the Cash rate was over 7 per cent in 2007.

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