It’s official: RBA Cash Rate on hold

After cutting cash rates at 2.5% in August of this year, the Reserved Bank of Australia has decided against any further cuts as it finished up today’s meeting.

RBA Governor Glenn Stevens said that the current monetary policy has “remained appropriate”. The RBA has considered repercussions of a high exchange rate when deciding for further rate cuts and with desires for a lower Australian dollar, this has failed to meet the need for balance in the economy.

Read more about this on the Sydney Morning Herald website.