Interest rates hold steady
Interest rates hold steady
Posted on Tuesday, September 04 2012 at 3:55 PM
The official cash rate remains on hold at 3.5 per cent following today’s meeting of the Reserve Bank of Australia (RBA).
It’s a move largely on par with what
economists were tipping and follows recent comments by RBA Governor Glenn
Stevens that he’s comfortable with the state of the economy.
Most commentators expect a downward
movement at the RBA’s next meeting, which falls on Melbourne Cup Day.
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