The Reserve Bank of Australia (RBA) increased interest rates yesterday by 25 basis points percent to 4.5 percent as house prices in Western Australia’s Pilbara region continue to soar.
With the Reserve Bank increasing interest rates to 4.5 percent today, is this the last interest rate increase this year? Language in today’s official statement by Glenn Stevens suggests it might be.
The Reserve Bank of Australia has again moved to increase interest rates, taking the official cash rate to 4.5 percent as the Australian economy faces inflation fears as it continues to recover.
The Reserve Bank of Australia (RBA) will raise the official cash rate 25 basis points to 4.25 per cent, effective 7 April 2010, surprising the markets that had predicted the cash rate would remain unchanged.
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