Reserve Bank of Australia Leaves Cash Rate Unchanged at 1.5%
Sydney | 6th February 2017
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
” RBA LEAVES CASH RATE UNCHANGED AT 1.5% “
The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.
Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
Official Press Release by Reserve Bank of Australia