RBA Leaves Cash Rate at 0.25 Percent

Governor of the Reserve Bank of Australia, Philip Lowe, makes a speech on March 19, 2020 in Sydney, Australia. Brendon Thorne/Getty Images

Reserve Bank officials have left the cash rate unchanged at a record low 0.25 percent, allowing Treasurer Josh Frydenberg’s federal budget to have the economic limelight.

The same rate remains for the yield target on three-year government bonds, and there is no change to the lending facility open to banks and other institutions.