RBA Interest Rate Announcement 4 July 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50%.

  • Above-trend growth is expected in a number of advanced economies, although uncertainties remain.
  • The rise in commodity prices over the past year has boosted Australia's national income. 
  • Headline inflation rates, having moved higher over the past year, have declined recently in response to lower oil prices.
  • Wage growth remains subdued in most countries, as does core inflation.

To view the full statement of Philip Lowe, Governor of the Reserve Bank, please click here.


Published : 04 Jul 2017