Interest rates unchanged at 4.5 percent: RBA
The Reserve Bank of Australia at it’s September board meeting today has decided to leave the cash rate unchanged at 4.5 percent.
The Reserve Bank of Australia at it’s September board meeting today has decided to leave the cash rate unchanged at 4.5 percent.
The Reserve Bank of Australia has held interest rates at unchanged at 4.5 percent for the third month running, with the RBA signaling its plans to hold rates unchanged until 2011.
The Reserve Bank of Australia looks set to rule out an increase in interest rates at its August board meeting after the ABS released it’s June quarter inflation (CPI) data today.
New figures released by the ABS indicate that the number of Australian retail sales rose again in May, marking the industry’s third consecutive monthly gain.
Australia is set to continue its strong resources lead economic recovery, returning to levels of prosperity not seen since the beginning of 2008. At least for resource rich states like Queensland and Western Australia concludes the latest Business Outlook report from Access Economics.
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