At its meeting today the Reserve Bank Board announced interest rates would remain unchanged at 3.0%.

The last rate cut took place in December, when a 25 basis points reduction took the cash rate down to the near 50 year low set by the Reserve Bank during the GFC in 2009.

Patricia Williams is a credit representative (400458) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).