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The Reserve Bank board has, as expected, left the cash rate unchanged at 3.5% following today’s monetary policy meeting.
The decision was in line with the sentiments of economists, with 26 out of 27 economists polled by Bloomberg last Friday expecting no change in the cash rate today.
The last time the RBA adjusted its cash rate setting was in June, when it reduced it by 25 basis points from 3.75% to 3.5%.
ANZ will make its independent rate decision on Friday (August 10).
The RBA board will next meet on September 4.
This article first appeared at Property Observer.