RBA Cash rate announcement July 2016

Interest Rates - HOLD 1.75%
 
The Reserve Bank has decided to keep official interest rates unchanged at the record low 1.75 per cent over July.

The key drivers include:
 
- Recent sharemarket volatility
- Subdued commodity prices
- Questionable financial and political stability in the UK
- Political changes in Australia
- Australian mortgage lenders policy changes and ‘self regulation’ tempering growth
 
With rates at their all-time low, financial institutions are in the position to lend.

http://www.rba.gov.au/media-releases/2016/mr-16-17.html