Australia central bank holds interest rate steady at 1.5%
Wed, Feb 08, 2017 - 5:50 AM
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...