At its meeting today, the Board decided to
LEAVE THE cash RATE ON HOLD AT 2.0%
The Governor of the RBA, Glenn Steven’s statement is available in full CLICK HERE
Glenn Steven’s did announce that there is potential to lower the cash rate later in the year.
Thought you might be interested in seeing a snap shot of our economy:
Economic Group +2.5%
Population 23.8 million – 1.4% annual growth
Unemployment rate 5.8% – 11.9 million Employed
Average Weekly Earnings $1,137
Average price of Residential dwellings $612,000
Until next time…..
Regards Pauline Sultana