Australia’s All Ordinaries Index and ASX200 finally broke through their 2007 record highs set before the GFC.
The RBA held the cash rate at the current a record low on 1.00%, while acknowledging that Australia can expect an extended period of low interest rates, with the possibility of further cuts.
We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.