RBA Holds Rates - Aussie Dollar Higher in Response

The Reserve Bank of Australia kept their cash rate on hold today at 1.50%.

They said increased spending on infrastructure combined with surging exports should underpin the economy going forward.

They acknowledged that soft house prices are weighing on consumption and put their focus on the Labour market for clues as to whether they will cut rates in the future.

Click through for the full RBA statement.

Their next announcement is on Tuesday the 4th of June.

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