The RBA has made its August cash rate announcement and left rates on hold at its record low of 1.0%, following two consecutive cuts in the preceding months that totalled fifty basis points.
RBA Update
RBA sets new record for interest rates
As widely expected by the market the RBA has held the cash rate at its historic low of 1.5% for the 24th consecutive month. It is the longest period of interest rate stability on record. RBA Statement.