RBA keeps rates at 2%

The Reserve Bank of Australia has decided to leave the cash rate at its record low of 2 per cent.

This is in line with what was predicted by all 31 commentators surveyed by comparison website finder.com.au.

Many experts believed it was too soon for another rate cut after the RBA lowered rates by 0.25 per cent in February and May.

 

For more information and comments on the RBA’s decision check out this article by The Adviser.

 

 

Source: The Adviser, August 04 2015