RBA leaves cash rate at 0.25pc

Steven Deare
(Australian Associated Press)

 

Reserve Bank officials have left the cash rate unchanged at a record low 0.25 per cent following their monthly meeting.

Some economists had suggested the RBA would cut the rate ahead of tonight’s much-anticipated federal budget, to provide a united effort at helping the economy overcome the coronavirus recession.

The RBA has not changed the cash rate since March, when it used quantitative easing measures as the coronavirus pandemic took hold in Australia.

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