Adam from Vista Financial Posted November 1, 2016 Share Posted November 1, 2016 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Economic conditions in China have steadied recently, supported by growth in infrastructure and property construction, although medium-term risks to growth remain. Inflation remains below most central banks' targets. See full article here: http://www.rba.gov.au/media-releases/2016/mr-16-27.html Regards Adam Link to comment Share on other sites More sharing options...
flag of convenience Posted November 1, 2016 Share Posted November 1, 2016 Thank goodness for that. Just what the housing market doesn't need is further stimulus. The RBA and the use of interest rate to grow the economy has been showing to be an increasingly blunt instrument anyway. Link to comment Share on other sites More sharing options...
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