RBA leaves rates on hold as global markets roil on trade worries

, the RBA board used its August meeting to leave official rates at 1 per cent.

Dr Lowe noted little inroad had been made into spare capacity in the labour market recently, with the"Wages growth remains subdued and there is little upward pressure at present, with strong labour demand being met by more supply," he said. "The board will continue to monitor developments in the labour market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time," he said.

Mr Lawless said with mortgage rates set to remain low for an extended period of time and potentially move even lower later this year, CoreLogic was expecting to see a gradual recovery in the housing market. The board will ... ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time.

Rates will/can never go up again. Central banks made sure of that when they sent global debt through the roof with a decade of loose (and reckless) monetary policy.

Cut interest rates again and push household debt higher - what could possibly go wrong? auspol

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