Tuesday
Oct042011
RBA Rates Meeting.
Oct 4, 2011 | in Buying a Home, First Home Buyers, General, Home Loans, Interest Rates
At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 4.75 per cent.
The Board noted that financial conditions have been easing somewhat, with interest rates for some housing and business loans declining slightly due to increased competition and the fall in some funding costs in financial markets. The exchange rate has also declined from the very high levels of a few months ago. Credit growth remains low, however, and asset prices have declined.
At today's meeting the Board judged the current cash rate remained appropriate. As always, the Board will continue to assess carefully the evolving outlook for growth and inflation.
From the RBA Media Release 04/11/2011 .
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