Reserve Bank keeps cash rate at 1.5 per cent in March, no sign of change

March 7, 2017

The Reserve Bank of Australia has held the cash rate steady at 1.5 per cent amid concern about what another cut would do to the housing market and amid signs the economy is picking up.

 

The decision leaves the cash rate unchanged since August. Market expectations are for no change until an increase in mid-2018.

 

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