The Reserve Bank of Australia has decided to keep the cash rate at 2.0%.
The decision appears to have not surprised industry experts, as a recent poll among economists predicted that there will be no changes in the cash rate this month. The survey by found 100% of 34 economists, experts and commentators believed the cash rate would remain on hold on 2 June.
The central bank already made cuts from February, dropping it from 2.5% to 2.25%. Another cut by 25 basis points was announced last month.