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RESERVE BANK TO KEEP INTEREST RATES ON HOLD AGAIN

RBA leaves cash rate on hold

The RBA announced today that the cash rate will remain unchanged at 3.00% (for the third straight month).  This was no surprise and was in-line with what analysts had predicted.

“The RBA has taken the view that the easing they’ve done so far has yet to work its way into the economy,” said Gareth Berry, a currency strategist at UBS AG in Singapore. “If they do cut at all this year, it’s not going to be immediate.

For Australian consumers right now still represents a good time to benefit from a competitive home loan market being driven by the major banks. There are some amazing products and offers currently being offered which provide additional opportunities to save even more


 

April 2nd, 2013
Topic: INTEREST RATES INFLATION Tags: ,

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