RBA holds rates at 4.75 percent
By Guest Author · 6 July 2011 · Economy
By Guest Author · 6 July 2011 · Economy
The Reserve Bank of Australia has made a crucial decision on interest rates. Will it be a relief for Aussies or another financial blow?
The Reserve Bank of Australia (RBA) has decided to hold interest rates at 4.75 percent, leaving the official cash rate at the same level it’s sat at since November 2010, when the RBA last increased it by 0.25 percent.