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.



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