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Reserve Bank of Australia makes decision on rates

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BREAKING: The Reserve Bank of Australia has kept interest rates on hold at the historic low of 0.25 per cent. 9News

"The hold decision comes on the same day the federal government is set to announce both an unprecedented level of government debt, as well as additional stimulus measures aimed at supporting jobs growth, consumption and improving productivity," Mr Lawless said in a statement.

"The cash rate has fallen by 125 basis points over the last year and a half– 15 more is unlikely to make much of a difference beyond making the RBA feel like they are at least doing something," Mr Cooke said. "While home-owners didn't get any reprieve from the RBA this month, they can still make significant savings by shopping around," Ms Tindall said in a statement.

 

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