RBA holds cash rate at 3.50%

Craig James, Commonwealth Bank’s chief economic wizard, made note of the slow economy, inflation figures are low and nothing much is really taking off, so the RBA is in a tough spot of trying to balance it all out. I look forward to seeing our small businesses growing again soon…

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At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Full statement available from RBA Website.