At its meeting today, the Board decided to leave the cash rate unchanged at 1.50%.

• Above-trend growth is expected in a number of advanced economies, although uncertainties remain.
• The rise in commodity prices over the past year has boosted Australia's national income. 
• Headline inflation rates, having moved higher over the past year, have declined recently in response to lower oil prices.
• Wage growth remains subdued in most countries, as does core inflation.

To view the full statement of Philip Lowe, Governor of the Reserve Bank, please click here.

Published : 04 Jul 2017