The RBA have announced that the official cash rate has been left - TopicsExpress

The RBA have announced that the official cash rate has been left at a record-low 2.5%. Mortgage Choice spokesperson Jessica Darnbrough said the Reserve Bank’s decision would have been influenced by recent positive news on inflation and unemployment. The inflation rate of 2.9 per cent is within the target range of 2 to 3 per cent, while unemployment fell in March from 6 per cent to 5.8 per cent. “This drop suggests the Australian economy is in pretty good shape at the moment, so there is no urgent need for the Reserve Bank to play around with its current monetary policy setting,” she said.

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