Four cents not enough to make RBA comfortable but cash rate stays on hold
- Tuesday, 03 December 2013
The "still uncomfortably high" level of the Australian dollar remains the key fixation of the Reserve Bank of Australia (RBA) in the eyes of analysts, with the reserve bank not changing its language on the exchange rate despite a drop to US$0.91 from US$0.95 in the month since its last cash rate decision. On December 3 the RBA left the Australian cash rate on hold, at 2.5 per cent, to the surprise of very few observers.
