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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