At today’s meeting the Reserve bank has decided to leave the official interbank rate at 1.50% ( also known as the cash rate)

The last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With wages growth remaining modest and concerns emerging around the impact retail deflation is having on the overall economy, interest rates are predicted to be steady for the majority of 2018

The next meeting will be on 3rd April 2018