At its meeting today, the Board at the Reserve Bank decided to leave the cash rate unchanged at 1.50 per cent.
The Australian economy is continuing its transition following the end of the mining investment boom. Recent data are consisten with ongoing moderate growth.
The Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
To view the full statement of Philip Lowe, Governor of the Reserve Bank, please click here.
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