Reserve Bank of Australia - Cash Rate on Hold

March 07, 2017
Amy Noble

THE Reserve Bank has left official interest rates on hold, saying there is considerable variation across the nation’s jobs and housing markets.

Following its regular monthly meeting, the RBA held the cash rate at 1.5 per cent.

Governor Philip Lowe said the overall economy was transitioning from the end of the mining investment boom, with business and consumer confidence around average levels.

He said the outlook was supported by current low interest rates with banks in a good position to lend.


Call Denis Jakovljevic on 0423 502 950 to discuss further. 

Posted in: News

Contact us today.

Additional Comments? * :