The Reserve Bank of Australia has decided to leave the cash rate target unchanged at 4.10 per cent.

Independent Economist Chris Richardson spoke with Julie-anne Sprague on 6PR’s Afternoons.

“We won’t know yet whether they’ve done the right thing or not. It takes so long between our Reserve Bank decision and the eventual impact on the economy,” Mr Richardson said.

Press PLAY to hear if economists think the RBA will raise rates again

In a statement released by Philip Lowe, The outgoing RBA Governor said the cash rate hold would provide further time to assess the impact of the increase in interest rates to date.

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