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At its meeting today, the RBA Board have decided to leave the cash rate once again unchanged at 1.50%
The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.
Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged
To view the full statement of Phillip Lowe, Governor of the Reserve Bank, please click here.
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