RBA still keeps cash rate at 2.00%

Now that the year’s big weekend of sport is behind us, and with only three rate alert decisions between now and the end of the calendar year, all eyes were on this month’s Reserve Bank decision which has just been announced.
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This approach was predicated by most financial commentators as the Reserve Bank continues to assess the impact of weakening commodity prices and the falling Australian dollar, signs the housing market is cooling in Sydney and Melbourne and global uncertainty on stock markets.
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