Global Macro Service > Data Insights > Asia Pacific

Cash rate stays at 1.5%

In line with expectations, the Board of the Reserve Bank of Australia decided to maintain the cash rate at 1.5%. The Board still expects growth to gradually accelerate over FY2018. They expect non-mining capital expenditure to pick up, and see a limited drag on growth from further falls in mining investment. Concerns remain over consumer spending, which will be hampered by weak wage growth, and the value of the AUD.

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