The Reserve Bank of Australia kept interest rates steady at record low 1.5% today and appeared to signal they would remain on hold for a while. “There is no longer an expectation of further monetary easing in other major economies,” the central bank declared. It expects the economy Down Under to grow around 3% annually for “the next couple of years” and inflation to head above its 2% target over the course of 2017.
Reserve Bank of Australia kept interest rates steady at record low 1.5%
