smart property investment logo

RBA leaves cash rate unchanged - September 2011

By webmaster 07 September 2011 | 1 minute read

The Reserve Bank (RBA) has decided to leave the cash rate unchanged at 4.75 per cent.

At its meeting, the Board judged it was prudent to maintain its stance on monetary policy.

While the Board admitted conditions in global financial markets have been very unsettled over recent weeks, it could not find enough evidence to support a rate change.

“At this stage, little evidence is available to gauge any effects of the European and US problems on other regions,” RBA governor Glenn Stevens said.

The announcement comes as no surprise to the many economists who have maintained interest rates would remain steady until the end of the year.


APM senior economist Andrew Wilson told Smart Property Investment last week that until the future of foreign markets becomes more certain, the RBA would remain conservative about its movements.

“With the mixed messages that we are seeing at the moment – and certainly that adjustment process that certain sectors of the economy are facing – coupled with the mixed speed of economic activity and the uncertainty with international equities markets, there will certainly not be any movements up or down in the shorter term,” Mr Wilson said.

RBA leaves cash rate unchanged - September 2011
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

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