RBA keeps rates on hold at historic low of 1.5pc
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.