The Reserve Bank of Australia’s board (RBA) announced the cash rate is being held at 0.10%, where it has been since November 2020. The move was widely anticipated, as the RBA’s board has said they do not expect to increase the cash rate until inflation is within the 2-3% target band. This is not expected to [...]

The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 0.10% after its monetary policy meeting today. This marks the eighth consecutive meeting at which the cash rate has been held at its historic low. The RBA has repeatedly maintained the cash rate is unlikely to rise before 2024, when it is [...]

In line with expectations, the Reserve Bank of Australia (RBA) kept the cash rate at 0.10% at its sixth monetary policy meeting this year. RBA Governor Dr Philip Lowe has repeatedly maintained that the cash rate will not change until inflation is sustainably within the 2-3% target band. "For this to occur, the labour market will [...]

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 0.10% for June, following its monthly board meeting. The decision was widely anticipated, as the RBA’s board has repeatedly maintained it will not increase the cash rate until actual inflation is sustainably within the 2-3% target band. The Reserve Bank expects inflation in underlying [...]

The Reserve Bank of Australia (RBA) has kept the cash rate unchanged in May following its monthly board meeting, despite surging property prices and a resurgent economy. RBA governor Philip Lowe said the central bank “would be monitoring trends in housing borrowing and the maintenance of lending standards carefully” given that prices were rising in most [...]

The Reserve Bank of Australia’s board (RBA) made its third call on the cash rate this year and, in line with expectations, kept it steady at 0.10%. This is despite the faster than expected economic recovery and the surging property market. RBA governor Phili Lowe has repeatedly maintained “the RBA does not, and should not, target [...]

The Reserve Bank of Australia (RBA) announced the official interest rate is being held at 0.10% where it has been since November. The move was widely anticipated as the RBA’s board has said they do not expect to increase the cash rate until inflation is within the 2-3% target band. This is not expected to happen [...]

The Reserve Bank of Australia (RBA) has left official interest rates on hold at its first monetary policy meeting of the year. Last year, in response to the Covid-19 crisis, the RBA board made three rate cuts, reducing the cash rate from 0.75% to a record-low 0.10%. The cash rate is likely to remain at 0.10% [...]