October Interest Rate decision

October 22, 2016 3:30 pm

It’s the first Tuesday of the month and the first RBA decision day for new governor Philip Lowe. The RBA have kept the Official Cash Rate on hold at 1.5 percent. This was based on:

  • Growth being at expected levels
  • The housing market easing since this time last year
  • Dr Philip Lowe stepping into the role as governor
  • A rising exchange rate needing to be monitored