Powered by MOMENTUM MEDIA

Rate pause won't last: RBA

By webmaster 20 October 2010 | 1 minute read

Interest rates will most likely rise again this year, according to the RBA.

Minutes from the latest RBA monetary policy board meeting, taken on October 5 and released today, said that while the overall global outlook was broadly unchanged, interest rates would need to rise "at some point".

“Global economic growth remained around trend, but with significant differences across regions,” the minutes read.

“In the North Atlantic economies, growth remained subdued, while growth prospects for Asia remain solid.”

“As such, the Board concluded that it would be appropriate to hold the cash rate steady for the time being, pending evaluation of further information at the next meeting.”ungry to enter market

Advertisement
Advertisement
Rate pause won't last: RBA
default
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.