The Reserve Bank of Australia (RBA) released its interest decision on Tuesday:

• The RBA kept its interest rate unchanged at a record low 2.5%. This decision was expected by market participants;
  
• The economic growth should be below trend over the year.
  

The RBA Governor Glenn Stevens said:

• The Australian dollar "offering less assistance than it might" in lifting economic growth;
  
• Commodity prices remain high, but some commodity prices that are important to Australia have declined;
  
• "There has been some improvement in indicators for the labour market in recent months, but it will probably be some time yet before unemployment declines consistently. Growth in wages has declined noticeably".