The Reserve Bank of Australia has made no change to the official cash rate, opting to keep it on hold at 2 per cent for the month of February.
The RBA's decision is in line with wide spread sentiment shared by market commentators.
According to Commonwealth Bank chief economist Michael Blythe, the economy currently does not need "additional stimulus", and that the low Australian Dollar is doing the job.
For AMP Capital Shane Oliver, the RBA is not ready to make another change to the interest rate.
"I think that given the emerging softening in the housing cycle, the ongoing mining downturn and renewed global market turmoil that the risks to growth are on the downside and given very low inflation the RBA should ease again," he said.
"But I don't think its convinced just yet."
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Mar 2018CBA CEO pushed for FOFA extensionBy James Mitchell and Aleks Vickovich
- 16 Mar 2018CPA dealer group clashes with FASEA requirementsBy Katarina Taurian
- 16 Mar 2018NAB launches virtual assistant for superBy Staff Reporter
- 15 Mar 2018IFA-focused platforms open to new strategiesBy Staff Reporter
- 15 Mar 2018Deakin eyes advisers to fill staff demandBy Killian Plastow
- 15 Mar 2018Adviser Innovation Summit 2018 agenda announcedBy Staff Reporter
- view all