The RBA leaves interest rate unchanged at 1.50 per cent at its July 2018 meeting.

The central bank’s decision left the cash rate unchanged today, citing soft consumer spending and high household debt as sources of “uncertainty” for economic recovery. “Economic conditions remain reasonably stable, housing market growth continues to slow, household debt is at record highs, and inflation remains around the lower end of the RBA target range. With this scenario as a backdrop, the hold decision today from the RBA was widely anticipated,” Mr Lawless said.