Tue 07 December 2010
The RBA kept interest rates on hold today at 4.75%- mentioning the current credit concern of various European Banks sparking an increase in market volatility. An increase is likely over the coming year, yet the board felt that this setting of monetary policy as appropriate for the current economic outlook. Over heard in office nation wide: a national sigh of relief for our bulging credit card debts!!!
Tue 05 October 2010
The Reserve Bank has left interest rates unchanged for the fifth month running amid signs of quickening economic growth and subdued inflation. The central bank left the cash rate at 4.5 per cent, going against expectations that it would increase it to 4.75 per cent.
The Australian dollar, now falling on the news, has lost the most in six weeks as investors pared their bets about future interest rate rises.
Tue 07 September 2010
The RBA has left interest rates unchanged at 4.50% for the fourth consecutive month. RBA Governor Glenn Stevens stated that on trend near term growth, inflation close to target and global economic outlook remaining uncertain makes the current monetary policy setting appropriate for the time being. Analyst’s are predicting that the RBA will resume on the rate hike path before the end of the year.
