Interest Rate Update – April 2015

The Reserve Bank of Australia (RBA) has announced it will maintain the official cash rate at 2.25%.

Following last month’s RBA decision to leave the cash rate as is “for the time being” it has again decided to await more financial data before it decides on further action to try to boost the domestic economy. The next quarterly inflation figures are due to be released at the end of this month together with another full round of monthly data. The RBA will then be able to digest this information in order to understand both the impact of the February rate cut and the falling iron ore price before another cash rate reduction, possibly in May.

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