RBA keeps rates on hold

The Reserve Bank of Australia’s (RBA) kept interest rates unchanged at 1.5% at its April monetary policy meeting, an outcome that was widely expected by economists and financial markets alike.

It has now been 18 consecutive meetings since the RBA last adjusted rates, the longest run stability in official rates ever seen.

That trend looks set to continue for some time yet, with the bank providing little indication that it intends to move rates — either up or down — for the foreseeable future.