Julia Gillard has little to fear when the Reserve Bank of Australia Board meets in August, with a mid-campaign interest rate increase possible, but unlikely according to the minutes of the last RBA Board meeting.
Economists believe that yesterday’s positive ABS labour force data has increased the possibility that the RBA will look to tighten monetary policy as near full employment triggers inflation pressures.
The Reserve Bank of Australia’s decision to hold interest rates at 4.5 percent is welcomed by home owners still struggling after the sharp increases in interest rates earlier this year.
The Reserve Bank of Australia has decided in it’s monthly board meeting today to leave interest rates on hold at 4.5 percent as it waits on second quarter inflation data from the ABS.
The Reserve Bank of Australia (RBA) has indicated that it will likely keep interest rates on hold until August in the minutes from the June RBA board meeting.
The Reserve Bank of Australia has left official interest rates unchanged at 4.5 percent after its June board meeting, but how long before we see another change?
The Reserve Bank of Australia (RBA) did as expected by analysts at its monthly board meeting today deciding to leave the official cash rate unchanged at 4.5 percent.
House sales in NSW crashed 9.6 percent in April according to the HIA, with buyers reacting strongly to successive interest rate increases from the RBA.
Commonwealth Bank has increased its small business lending at ten times the rate of competitors, with loans to small business totaling $25 billion The Australian reports.
Mortgage owners can breathe a sigh of relief with the Reserve Bank unlikely to raise interest rates above the current 4.5 percent in the RBA’s monthly board meeting tomorrow.
