Reserve Bank of Australia keeps unchanged its interest rate at 2.00%

Market news

1 September 2015

Reserve Bank of Australia keeps unchanged its interest rate at 2.00%

The Reserve Bank of Australia (RBA) kept unchanged its interest rate at 2.00% on Tuesday. This decision was expected by analysts.

The RBA Governor Glenn Stevens said that the board' decision was appropriate at this meeting.

He said that the economic growth was "below longer-term averages", growth of employment was stronger, and "domestic inflationary pressures have been contained".

Stevens pointed out that "monetary policy needs to be accommodative", and it "will most effectively foster sustainable growth and inflation consistent with the target".

The central lowered its interest rate twice this year.

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