The RBA has left the cash rate at 4.5% for the second consecutive month, noting concerns about uncertainty surrounding European banks and governments, while reacting positively to the moderation of Chinese economic growth to a more "sustainable rate".
All eyes will now be focusing on the inflation figures due to be released on the 28th. July. These figures will ultimately weigh heavily on the RBA Board's mind when they announce the next interest rate movement on the 3rd. August!
