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RBA leaves interest rate in Australia unchanged

AUDUSD News by Newsroom on 00:31 June 07, 2016 EST
No change in the base interest rate in Australia. The Reserve Bank of Australi leaves the rate unchaged at 1.75%, still substantially higher than that of the major counterparts most of them yielding around 0%.

RBA points out in its statement that appreciating Australian dollar could complicate economic adjustment, inflation has been quite low.

Dwelling prices have begun to rise again recently though see low inflation for some time. Unchanged policy consistent with CPI returning to target, unchanged policy consistent with sustainable growth.

Global economy growing at lower than average pace the central bank added.