You are here

RBA holds key rate due to commodity upswing

But central bank governor notes that "some slowing in the year-ended growth rate is likely"
Wednesday, December 7, 2016 - 05:50

The rate decision was predicted by economists and traders heeding the concern of RBA that further easing could destabilise an economy where households are already saddled with record debt.


AUSTRALIA's central bank kept interest rates unchanged as a global commodity upswing eases the impact of a weaker economy at home.

Governor Philip Lowe left the cash rate at 1.5 per cent on Tuesday, saying "some slowing in the year-ended growth rate is likely" while noting

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