You are here

Australia central bank holds interest rate steady at 1.5%

Wednesday, February 8, 2017 - 05:50

Mr Lowe blames a contraction in the economy on "temporary factors".


THE Reserve Bank of Australia's (RBA) nod to rising leverage and a pickup in home loans suggest an easing is unlikely any time soon - given the governor has financial stability hard-wired into his DNA.

Philip Lowe and his board left interest rates unchanged at 1.5 per cent

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom