October Interest Rate Decision

October 22, 2018 3:04 pm

RBA Interest Rates Decision for October 2018

The Australian cash rate remains unchanged at 1.5% as:

• Inflation remains at lower than required targets;

• The Australian dollar sits at .72c US;

• Household consumption increased by 0.4% to GDP;

• Unemployment fell to 5.3% – the lowest rate since the 2012 mining boom; and

• National housing prices continue to adjust.