The Reserve Bank of Australia (RBA) released its interest rate decision on Tuesday. The RBA kept its interest rate unchanged at 2.50%. This decision was widely expected by investors.

The RBA Governor Glenn Stevens said:

• The Aussie remains too high;
  
• "Accommodative monetary policy should provide support to demand and help growth to strengthen over time";
  
• Australia's central bank "still expects growth to be a little below trend";
  
• The labour market in Australia has "a degree of spare capacity",
  
• Growth in wages decreased;
  
• Inflation is expected to be with 2-3% target over the next two years,
  
• "The most prudent course is likely to be a period of stability in interest rates".