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.



Deputy premier meets with unpaid subcontractors

Deputy premier meets with unpaid subcontractors

The deputy premier could have good news for local unpaid subbies.

Face of Lismore flood dies in tragic circumstances

premium_icon Face of Lismore flood dies in tragic circumstances

"Deeply disturbing that someone has died under these circumstances"

Drunk driver caught at 180km/h on Pacific Highway

Drunk driver caught at 180km/h on Pacific Highway

Police said the man overtook seven cars and a semi trailer

Local Partners