The RBA's decision to hold the cash rate at a record low of 1% was widely expected, after the rate was slashed by a total of 50 basis points in two months.
The corporate regulator has banned high-profile financial adviser Sam Henderson, whose inappropriate financial advice was laid bare at the banking royal commission last year.
Josh Frydenberg will unveil the Federal Budget, his first as treasurer, in Canberra tonight. With all eyes on Prime Minister Scott Morrison as he prepares to announce the date of the next federal election, tonight's Budget is an important step in the Coalition's bid for re-election.
The RBA has looked past the housing downturn which has gathered some momentum over the past three months, to hold the cash rate firm at their first meeting this year.
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