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.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now