Finance advice

Cash rate on hold

By webmaster

The Reserve Bank of Australia has decided to keep the official cash rate on hold at 4.75 per cent.

A raft of less negative economic data had analysts widely predicting that the RBA would keep rates on hold when it met for the first time in 2011.

RP Data’s research analyst Cameron Kusher said while inflation remains a concern for the Board, its November rate hike had done enough to dampen any immediate inflationary threats.

In fact, according to Mr Kusher, the RBA will more than likely keep rates stationary for the next few months, giving the country time to recover from the recent spate of natural disasters.

NEWSLETTER
Be the first to hear the latest property investment insights
 
Email:
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
Cash rate on hold
SPI logo