RBA left interest rates unchanged

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Tuesday, Feb 07 2017

RBA left interest rates unchanged

The Reserve Bank of Australia has left its cash rate steady at 1.5 per cent for the fifth consecutive board meeting as it prepares to release forecasts showing economic growth picking up and inflation climbing from 1.5 per cent to more than 2 per cent.

In a statement released after the board meeting, Governor Philip Lowe said economic growth was forecast to centre around 3 per cent for the next couple of years, well up from the September-quarter figure of 1.8 per cent and the central forecast of 2.4 per cent in the Scope BusinessDay economists' forecasting survey.

More in this category: « Sentix Investors Confidence inclined in February German Industrial Production down by 3.0% »

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