RBA keeps its powder dry

It looks like Glenn Stevens' unorthodox decision to hold rates was a good one – with commodities prices and the global economy hanging in the balance, the RBA has preserved its precious firepower.

Glenn Stevens departed with a tradition he established when the Reserve Bank decided, at the first Cup Day board meeting since he became governor six years ago, to leave official interest rates unchanged. It is, however, probably good news.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles