MCG QUANTITY SURVEYORS BLOG

RBA leave the cash rate at 3.25%

At its November board meeting today, the Reserve Bank decided to hold the cash rate steady at 3.25%.

“Further effects of actions already taken to ease monetary policy can be expected over time. The Board will continue to monitor those effects, together with information about the various other factors affecting the outlook for growth and inflation. At today’s meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being.”