The Reserve Bank of Australia leave the cash rate unchanged as 1.5%
This was unanimously expected
Quick headlines (Via Reuters):
- Says rising AUD could complicate economic rebalancing
- Says global economy growing at lower than average pace
- Pace of China growth appears to be moderating
- After easing in August, judged steady policy consistent with sustainable growth
- Global monetary policy remains remarkably accommodative
- Inflation expected to remain low for some time
- Labour market data mixed, sees continued growth in employment
- Says home prices have risen moderately over past year
- Australian economy continues to grow
- Large supply of apartments come on stream in next couple of years
A fairly neutral sort of statement from Governor Stevens to round out a solid 10 years as head honcho. For the full text, link to Governor Stevens accompanying statement (his last one ever ... he is retiring and to be replaced by Phillip Lowe).
I'll hand you over to Ryan ... who has thoughtfully prepared this pic to farewell Governor Stevens:
