December 09, 2014
The Reserve Bank of Australia (RBA) has held rates on hold for all of 2014, but some experts predict they may even reduce further in 2015.
The last 15 consecutive RBA meetings have held the offical cash rate stable at a historical low of just 2.50%.
Several economic factors, including;
- unemployment levels,
- business confidence,
- value of Australian dollar, and
- performance of domestic economy