RBA keeps it steady at historic low of 2%. Follow reaction with our live coverage

2.40pm AEST

Each statement by the RBA generally involves a fair degree of cut and paste, and this one is almost verbatim the same as last month’s.

But there is a slight difference in the paragraph on the domestic economy.

While the rate of growth has been somewhat below longer-term averages, it has been associated with somewhat stronger growth of employment and a steady rate of unemployment over the past year.

2.38pm AEST

And the usual on the housing market…

“The Bank is working with other regulators to assess and contain risks that may arise from the housing market.”

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Source: The Guardian Circular Economy RSS