Official cash rate remains unchanged at 1.5%

After a weekend of football excitement, all eyes were on the Reserve Bank of Australia board meeting today where it was decided to once again leave the official cash rate unchanged for the 14th consecutive month.

With regulatory changes to investor lending appearing to have taken some heat out of the Sydney property market, in particular, the RBA continues to take a wait and watch approach due to modest growth and inflation forecasts as well as continued concerns around low wages growth and the impact of rising power prices on households.

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