Interest Rate News
The RBA at its meeting held on Tuesday 2nd of October, decided to lower the cash rate by 25 basis points to 3.25 per cent, effective 3 October 2012. In Australia, most indicators available for this meeting suggest that growth has been running close to trend, led by very large…
Interest Rate News
“Steady as she goes” says the RBA. The RBA has decided to keep rates on hold at 3.5% for the fourth month in a row. While commodity prices have fallen sharply in recent weeks, the RBA did not see enough economic evidence to warrant a rate cut at this time.…
