The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.50%.
The last movement to the official cash rate occurred back in August 2016, where the rate was decreased by 25 basis points. Since this, the RBA has met and left the cash rate unchanged a further 27 times.
There has not been an increase to the official cash rate since November 2010.
Please feel free to get in touch with Bez Esquivel if you have any questions about what this decision means to you or if there’s anything else you’d like to discuss.
