The Reserve Bank of Australia today decided to keep the current official cash interest rate at its historic low level of 1.5 percent. An earlier survey by Reuters showed 47 out of the 48 economists predicted the rate would remain unchanged. In his monetary policy statement earlier, RBA Governor Philip Lowe noted the strong global and local economies, the growth experienced by several advanced …
Continue Reading about Reserve Bank Keeps Current Official Interest Rate of 1.50% →