RBA keeps rates on hold at historic low of 1.5pc



June 05, 2018 14:31:26

The Reserve Bank has left interest rates unchanged at the historic low of 1.5 per cent for the 20th consecutive meeting.

The current holding pattern is the longest stretch without a move, with the RBA last changing rates with a 25 basis point cut in August 2016.

The decision was of little surprise, with the market pricing no chance of a move.

A Reuters poll found 47 of 48 economists surveyed forecast a hold, the one dissenting voice suggested the RBA would cut.

More to come.




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