01 March 2016
Category: Latest news

RBA March Cash Rate Announcement

Today the Reserve Bank of Australia has announced the result of its monthly board meeting.

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The official cash rate has been left at a record-low 2.00 per cent, as most experts had forecast.

The cash rate has remained at an all-time low of two per cent since May last year.

Major figures are this week expected to show the Australian economy grew at a subdued pace last year but not one that persuaded the Reserve Bank to again cut the official cash rate.

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