RBA leaves cash rate on hold at 2% for March
Tuesday, March 1, 2016/
The Reserve Bank of Australia has left the official cash rate unchanged at 2% for the month of March.
The official cash rate was last cut in May 2015 by 25 basis points.
The RBA has kept the rate on hold now for for 10 consecutive months.
RBA governor Glenn Stevens said in a statement this afternoon leaving the cash rate on hold was the best course of action as inflation is “quite low” at the moment.
“At today’s meeting, the board judged that there were reasonable prospects for continued growth in the economy, with inflation close to target,” Stevens said.
“The board therefore decided that the current setting of monetary policy remained appropriate.”
Accounting software does not underpay staff — humans do Stacey Price Healthy Business Finances founder
Google has updated its search algorithm: Say hello to BERT Lucas Bikowski SEO Shark managing director
Five ways to mentally prepare for the brutal capital-raising process Stacey Fisher Minnow Designs co-owner
You are not your job: Four work-life balance tips to ease you into Christmas Jackie Rahilly Appoint co-founder
Ignoring your ‘obnoxious roommate’: What this founder learnt when she met Arianna Huffington Michelle Gallaher ShareRoot CEO