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.
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