RBA leaves interest rates on hold

THE RESERVE Bank of Australia board has decided to leave the cash rate unchanged at a record low of 2.5 per cent.money

In a statement from today’s meeting, Governor Glenn Stevens says the decision was in line with global growth forecasts.

“Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined from their peaks, but generally remain at high levels by historical standards. Inflation in most countries remains well contained,” Mr Stevens says.

No comments yet.

Leave a Reply

Leave your opinion here. Please be nice. Your Email address will be kept private.
%d bloggers like this: