The RBA has left the official cash rate on hold at 1.5% (no change since August 2016)

/in , /by

The Reserve Bank of Australia (RBA) has made its monthly cash rate call, deciding to hold the official rate at 1.5% for the 11th month running.

This decision was widely predicted with 34 out of 34 economists in a monthly RBA Cash Rate Survey forecasting the non-move. The general consensus seems to be that this will be the last hold call with 88% of economists polled saying that the next rate move would be a rise.