Posts Tagged ‘Reserve Bank of Australia’

RBA leaves rates on hold

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

A raft of less than stellar economic data forced the RBA to leave the cash rate unchanged at its third consecutive board meeting earlier today.

Yesterday, HSBC economist Paul Bloxham said it was unlikely that the RBA would lift rates any time soon as the risks to inflation are almost all to the upside.

“HSBC believes … Read the full post »