At its meeting today, the Board decided to leave the cash rate unchanged at 1.50%.
The low level of interest rates is continuing to support the Australian economy.
- Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain.
- Employment growth has been stronger over recent months and has increased in all states. The various forward-looking indicators point to solid growth in employment over the period ahead.
- Conditions in the housing market continue to vary considerably around the country. Housing prices have been rising briskly in some markets, although there are signs that conditions are easing, especially in Sydney.
To view the full statement of Phillip Lowe, Govenor of the Reserve Bank, please click here.
Published : 04 Sep 2017