RBA leaves cash rate at 0.25%

Steven Deare
(Australian Associated Press)

 

Reserve Bank officials have kept the official cash rate at the record low of 0.25 per cent as the economy remains flattened by the coronavirus recession.

Economists expected no change to the rate from the board’s regular meeting.

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

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