Reserve Bank Keeps Current Interest Rate at 1.50%

The Reserve Bank of Australia today decided to retain the current official cash interest rate of 1.5 percent. The historic low rate has been maintained for 20 straight months in a row. The experts have pointed to the sluggish growth of wages and the cooling housing market as factors that led to the retention of[…]

Official Cash Interest Rate Still at Historic Low of 1.50%

The Reserve Bank of Australia today decided to keep the current official cash interest rate at its historic low level of 1.5 percent. The decision made during the monthly board meeting was widely expected by financial markets. In his monetary policy statement, RBA Governor Philip Lowe cited several factors supporting the strong performance of the[…]

Reserve Bank Keeps Official Cash Interest Rate At 1.50%

The Reserve Bank of Australia today decided to retain the current official cash interest rate at its current 1.5 percent level. The decision was expected by financial markets. In his monetary policy statement, RBA Governor Philip Lowe noted the low interest rates “continue to support the Australian economy” in addition to increased investment in public[…]