July 2014

July Month in Review: Rates remain on hold

By the resi financial blog team, 02 July 2014

Financial review June 2014

For the 10th consecutive month, the Reserve Bank of Australia has left rates on hold at 2.5 per cent, a decision that was widely expected by economists.

At its July board meeting, the RBA stated that while the economy was improving, and there had been moderate growth, it would be some time before unemployment falls considerably.

However, there has been improvement in indicators for the labour market and a noticeable decline in wages growth. The RBA states if these and other domestic costs remain contained, then inflation should remain consistent with ...

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