Reserve Bank of Australia left its key interest rate unchanged, at 1.50%

Market news

2 October 2018

Reserve Bank of Australia left its key interest rate unchanged, at 1.50%

Today, the Reserve Bank of Australia decided to keep the discount rate unchanged at 1.50%. Below are excerpts from the statement of the Central Bank:

The rates correspond to the target level of inflation and economic growth.
Further progress is expected in reducing unemployment and increasing inflation.
Inflation is expected to be gradual.
Loan conditions are tougher than they have been for a while.
Mortgage rates remain low, there is strong competition between banks
The demand for loans from investors who invest in housing has weakened noticeably
In 2019 and 2020, inflation will be higher than now
Labor market outlook remains positive

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