RBA holds cash rate at 1.5% yet again

The Reserve Bank has kept the official cash rate at a record low 1.5 per
cent for a 32nd straight month, as widely anticipated by economists.
The decision at Tuesday’s April board meeting means the cash rate has
not moved in 32 months.
The rate, which reflects what the central bank charges commercial banks
on overnight loans and influences all other interest rates, was last cut in
August 2016 and hasn’t been hiked since November 2010.

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