Reserve Bank of Australia leaves interest rates on hold @ 2.5%
Posted
in Updates
@ Mar 4th 2014 3:33pm
- By Garry Larden
.
The Reserve Bank of Australia (RBA) has left official interest rates on hold at today’s meeting
Rates have now been steady since the decision by the RBA in August last year to cut rates to a 60 year low of 2.5%
Recent economic data has remained varied with the RBA likely to remain on the sidelines until a clear trend in economic activity emerges and particularly in regard to unemployment.
Although official rates remain on hold, mortgage interest rates and costs are falling as competition amongst banks for market share intensifies in a generally positive environment for home buyer activity in most housing markets.
