Just in RBA leaves cash rate unchanged at 2.5 per cent At its meeting today, the Reserve Bank of Australia Board has decided to leave the cash rate unchanged at 2.5 per cent. Glenn Stevens, Governor of RBA has said: The Australian dollar, while below its level earlier in the year, is still uncomfortably high. A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy. At todays meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target.
Posted on: Tue, 03 Dec 2013 04:47:21 +0000
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