RBA – THE BOARD DECIDED TO LEAVE THE CASH RATE UNCHANGED AT 2.5 PER CENT.

  • RBA repeats prudent course likely to be period of stability for rates
  • Says inflation to be consistent with target
  • Sees strong expansion in housing construction
  • Says $A high by historical standards
  • Expects below trend growth in year ahead
  • Says sees signs of improvement in labour market this year
  • Says $A offering less help to economy than it might in achieving balanced growth
  • Home prices still rising but at slower pace than last year
  • Says sees wage growth modest over the period ahead

Headlines via Reuters