Rates on hold for now..read RBA’s comments of why
Media ReleaseStatement by Philip Lowe, Governor: Monetary Policy Decision Number2017-21 Date3 October 2017 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved. Labour markets have tightened and above-trend growth is expected in a number of advanced economies, although uncertainties remain….