December 05, 2014
The Reserve Bank of Australia has once again left rates on hold, meaning the official cash rate has not changed once throughout the course of the year.
At its Board meeting earlier today, the Reserve Bank said poor consumer sentiment teamed with sluggish business confidence was enough to warrant leaving the cash rate on hold at 2.5 per cent.
This is the 16th consecutive month that the cash rate has been left on hold.
While the Reserve Bank indicated that it is in a position to cut interest rates again, the Board has obviously decided to err on the side of caution and leave the cash rate untouched yet again.