The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5%

Rba

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Posted on February 05, 2019

As financial markets digest the findings of the Banking Royal Commission, the Reserve Bank of Australia has made its first rate announcement for 2019. The RBA has decided to leave the official cash rate unchanged at 1.5% for the 27th consecutive time and I'd like to share some thoughts on why the Reserve Bank of Australia may have made this decision. The RBA continues to balance the worrying parts of the economy - inflation dipping below its target range of 2-3%, falling house prices, a borrowing squeeze in response to the Royal Commission, slow wages growth and negative consumer and small business sentiment with the more positive aspects of strong infrastructure spending, increased export earnings and stable employment figures. 

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