RBA leaves interest rate at 2% in August

THE Reserve Bank has left the official cash rate on hold for the third consecutive month. 

The board last cut interest rates in May, when it reduced rates by 25 basis points to the record low of 2%.

In a statement made after the board's meeting today, RBA's Governor Glenn Stevens said Australia's terms of trade are falling, with key commodity prices much lower than last year.

Mr Stevens also noted the reserve is expected to start increasing its policy rate later this year.



REVEALED: New red light speed camera for busy intersection

premium_icon REVEALED: New red light speed camera for busy intersection

The Gladstone spot has been identified as 'high risk'

Music legends to take stage at Agnes

Music legends to take stage at Agnes

The line up for next year's Agnes Blues, Roots and Rock Festival.

'Distraught': Mum's worry after $30k mistake

premium_icon 'Distraught': Mum's worry after $30k mistake

A Gladstone mum is urging others to be vigilant

Local Partners