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The Reserve Bank of Australia left the benchmark interest rate unchanged for a tenth straight meeting, but cautioned a rising currency could hurt the economy’s transition away from resources.

Board members meeting in Hobart on Tuesday left the overnight cash rate at a record-low 2 per cent, as was widely anticipated by economists and financial market pricing.

Reserve Bank Governor Glenn Stevens blamed the recent rise in the dollar on both higher commodity prices, money printing and negative interest rates around the world.  READ More: