The four charts that prompted the RBA keep rates on hold in August

PHOTO: The Reserve Bank of Australia

The RBA kept rates on hold at the August meeting, following back to back rate cuts to bring the official cash rate down to a record low one percent.

It had previously stood at a historic low 1.5% before the latest cuts. The rate hadn’t been cut since August 2016 when it was brought down from 1.75%.

Today the RBA have released their chart pack, which highlights key factors in the Australian economy.

Property Observer takes a look at four key charts which will have been strong influencers in the decision to cut the official interest rate.

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