The RBA have just announced NO change to cash rate - still 1.75%. It's clear that they are waiting for more information before the next move (election - see below and also inflation numbers) - probably next move down, maybe August.
Click here for the full Reserve Bank statement.
Now, who will win the Australian election and what power can they wield given their narrow margin?
My own view would be a hung parliament or even a very thin majority will deliver a gridlock government - what will happen, if anything, to key proposed legislation?? - superannuation, company tax, industrial relations and even the federal budget. Key spending cuts - healthcare - may be off the table.