RBA leaves rates on HOLD! Cash rate has been left unchanged at 1.50%.
As expected, the Reserve Bank of Australia has left the cash rate unchanged at its April 2017 monthly board meeting.
No drivers have been identified that would suggest that the RBA is looking at changing the cash rate in the immediate period ahead.
The RBA is unlikely to lift the cash rate to soften the Sydney and Melbourne housing market; doing so could push inflation lower and the Australian dollar higher as well as cancel out some of the much needed stimulus that many sectors of the economy are benefiting from.
Any questions please feel free to contact Bez Esquivel.
