At its meeting on Tue 1.4.2014, the Reserve Bank Board decided to leave the cash rate unchanged at 2.5%. In the Board’s judgment, monetary policy is “appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target”. On present indications, the most prudent course is likely to be a period of stability in interest rates, Reserve Bank Governor Glenn Stevens said.

[LTN 62, 1/4/14]