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.