RBA interest rates on hold for the near future

RBA rates on hold

RBA interest rates on hold. What does that mean to you and property prices?

Reserve Bank Australia governor leave interest rates on hold, sighting softer market forces and low wage growth.

The Reserve Bank has extended holding interest rates at the emergency low of 1.5 per cent for a record 21st meeting.

The RBA has not changed its setting since August 2016 when the cash rate was cut to its current record low.

The decision was entirely in keeping with expectations which have seen market forecasts of a rate hike pushed further into the future.

The market has now priced the chance of a full 0.25 percentage point move not before late next year, although economists are increasingly arguing the RBA will not be able to budge until well into 2020.