news

RBA satisfied with monetary policy

By webmaster

The Reserve Bank of Australia is content with its “mildly restrictive” cash rate policy.

According to the minutes of the December Monetary Policy meeting, released yesterday, the positive outlook for business investment means the current policy setting is appropriate.

The Board kept its overnight cash rate target at 4.75 per cent in December after a surprise increase of 0.25 of a percentage point in November that it called a pre-emptive move to ensure that positive terms of trade shock and any surge in capital expenditure did not fuel inflationary pressures.

Inflation remains in the bottom half of the RBA’s target range of 2 to 3 per cent.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
RBA satisfied with monetary policy
SPI logo