RBA left interest rates unchanged

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Tuesday, Sep 05 2017

RBA left interest rates unchanged

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The low level of interest rates is continuing to support the Australian economy. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

The Australian dollar has appreciated over recent months, partly reflecting a lower US dollar. The higher exchange rate is expected to contribute to the subdued price pressures in the economy. It is also weighing on the outlook for output and employment. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.

More in this category: « Eurozone PPI unchanged in July UK Services PMI declined to 53.2 »

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