Reserve Bank Leaves Rates on Hold
The Reserve Bank has left official interest rates on hold for the eighth straight month amid weak economic data.
All 28 of the economists surveyed by Bloomberg before the decision expected the official cash rate target to remain on hold at 4.75 per cent.
Despite recent rhetoric by the Reserve Bank's governor Glenn Stevens reiterating that interest rates would eventually need to move higher, economic figures over the past few months have generally disappointed.
Source: ABC news