The RBA, at it’s monthly Board Meeting earlier today, left the Cash Rate unchanged at it’s record low of 0.25%.

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As expected the RBA, at it’s monthly Board Meeting today, chose to leave both the Cash Rate and the target yield on three year Australian Government Bonds at 0.25%.

The Bank also reiterated that it remains prepared to do whatever it can and for however long it takes to support the economy to a return to full employment and a sustained inflation rate within the target band of 2 - 3%.   

This could take several years, so it is our view that interest rates will remain at historically low levels for some time.