The cash rate has remained at its record low setting of 0.25% since March 20th when the RBA announced a raft of monetary policies aimed at supporting liquidity and lowering funding costs.
At its August 2020 meeting, the Reserve Bank of Australia announced the cash rate target would be held at 0.25%.
Considering the RBA is running out of conventional monetary policy ammunition, the decision to hold the cash rate at the historic low of 0.75% was widely anticipated. The decision to keep rates on hold was supported by the latest labour market and...
The decision to keep the official interest rate on hold marks the two year anniversary of the last change to the cash rate by the RBA; the longest period of interest rate stability on record.
CoreLogic news details The Reserve Bank’s hold decision was widely anticipated. Read more about May 2018 as reported by Tim Lawless.
CoreLogic news details housing market conditions are likely to be moving further down the RBA’s list of priorities. Read more from April 3, 2018.