Reserve Bank leaves cash rate at 2.5%

INTEREST rates were left unchanged after the Reserve Bank met on Tuesday, with a "hold" decision leaving the cash rate at 2.5%.

The RBA decision was driven by a largely sluggish global growth outlook, but with "reasonable prospects of a pick-up next year".

Also noted was the below-trend growth in Australia, on the back of a resources investment downturn, and a slightly higher unemployment rate.

The board noted an improvement in household and business sentiment recently, but it was still too soon to judge how persistent the positive outlook was.


‘Pinkenba Six’ victim’s burglary spree while on ‘ice bender’

Premium Content ‘Pinkenba Six’ victim’s burglary spree while on ‘ice bender’

Aaron Carlo: Pinkenba Six victim jailed for spate of burglaries

DON'T MISS OUT: Activate your bonus for big rewards

DON'T MISS OUT: Activate your bonus for big rewards

Did you know you can get even more – for free?

Former cricket star to launch 2021 Relay for Life Campaign

Premium Content Former cricket star to launch 2021 Relay for Life Campaign

The South Burnett Relay for Life 2021 campaign is set to launch this week with the...