Reserve Bank keeps rates on hold but maintains optimism about the economy

PHOTO: The Reserve Bank has left rates on hold at the last meeting of 2018.

The Reserve Bank has kept interest rates unchanged at 1.5 per cent at its final meeting for 2018 on the back of mixed economic developments in November.

Positive signs for the economy included a pick-up in wages growth, stronger business investment plans for 2019, low unemployment and an agreement between the US and China to temporarily stop the imposition of new tariffs.

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