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RBA unveils May rates decision ahead of Federal Budget

RBA governor Philip Lowe and Reserve Bank signage on the exterior of the building
The RBA has left rates at a record low of 0.10 per cent (Source: Getty)

The Reserve Bank of Australia (RBA) has left interest rates at a record low of 0.10 per cent, in line with expectations.

RBA Governor Philip Lowe has made clear the board is unlikely to hike rates until inflation and wages are boosted.

“Despite the strong recovery in economic activity, the recent CPI data confirmed that inflation pressures remain subdued in most parts of the Australian economy,” the RBA said.

“A pick-up…

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