The Reserve Bank of Australia has made its official interest rate call for August following its monthly board meeting.

The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for August. The cash rate last moved in August 2016, shifting down to the current rate.

Most industry experts, including all 35 experts on the panel, correctly predicted a "hold" verdict.  Courtesy:  REB