Interest Rate News

February 6, 2013/News

At the RBA meeting yesterday, the Board decided to leave the cash rate unchanged at 3.0 per cent.

In Australia, most indicators available for this meeting suggest that growth was close to trend in 2012, led by very large increases in capital spending in the resources sector, while some other sectors experienced weaker conditions. Looking ahead, the peak in resource investment is approaching. As it does, there will be more scope for some other areas of demand to strengthen.