BREAKING: RBA Announcement

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December, 2019: 

The Reserve Bank of Australia (RBA) board has decided to keep the cash rate unchanged at its meeting today, leaving the official cash rate at 0.75 per cent.

This announcement was predicted by many economists and is in line with market expectations.

It is likely too soon to assess the impact of tax & rate cuts.  However, early indicators suggest that interest rate cuts are not stimulating consumer spending.

The next month will be a good test, if we don't see healthy consumer spending in the lead up to Christmas, the push may be for a rate cut early next year.

For the official RBA article, please visit the Reserve Bank’s website.

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