Reserve Bank leaves cash rate at 2.5%

INTEREST rates were left unchanged after the Reserve Bank met on Tuesday, with a "hold" decision leaving the cash rate at 2.5%.

The RBA decision was driven by a largely sluggish global growth outlook, but with "reasonable prospects of a pick-up next year".

Also noted was the below-trend growth in Australia, on the back of a resources investment downturn, and a slightly higher unemployment rate.

The board noted an improvement in household and business sentiment recently, but it was still too soon to judge how persistent the positive outlook was.



Firefighters are once again protecting homes

Firefighters are once again protecting homes

The fire had burnt 255 hectares before jumping road

Rain, when and where will it fall?: BoM forecaster

premium_icon Rain, when and where will it fall?: BoM forecaster

Some towns could receive up to 80mm of rainfall this week

Motorbike rider killed after crash at Alstonville

Motorbike rider killed after crash at Alstonville

39-year-old man suffered critical injuries and died at the scene

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