RBA Leaves Rates on Hold in March

The Reserve Bank of Australia (RBA) has announced it will hold the official cash rate at 2% in March.

The decision comes as global economic indicators continue to deteriorate. In January, the commodity price index dropped to a 10 year low of 83.1. The International Monetary Fund (IMF) expects a downgraded forecast for economic growth in 2016, to 3.4%.

Source: RBA Leaves Rates on Hold in March