RBA decides as anticipated
As anticipated, the RBA have left the rates unchanged for the 9th month in a row.
Amidst a growing global economy, continued decline of commodity prices and volatile financial markets, the RBA have maintained the cash rate at 2.0 per cent.
In Australia, lending to businesses has increased despite a contraction in investment in the mining sector.
Inflation remains low and low interest rates are supporting demand in the housing sector. Read the full statement here.