RBA leaves rates on HOLD! Cash rate has been left unchanged at 1.50%.
As expected, the Reserve Bank of Australia has left the cash rate unchanged for the 13th month in a row at its September 2017 monthly board meeting. 33 out of 33 economists in finder.com.au’s monthly ‘RBA Cash Rate Survey’ forecasted the non-move.
The slowdown in the Sydney and Melbourne property market and the relatively stable economy meant no change was necessary at this time.
This information is provided to you by the Reserve Bank of Australia (Dated: 5 September 2017)
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