Time to Hold, RBA
As you may have heard, the Reserve Bank Board has decided to leave the cash rate unchanged at 3.75 per cent.
Among his comments, Governor Glen Stevens said that, “lenders have generally raised rates a little more than the cash rate over recent months and most loan rates have risen by close to a percentage point. Since information about the early impact of those changes is still limited, the Board judged it appropriate to hold a steady setting of monetary policy for the time being.”
However, he also noted that interest rates to most borrowers remain lower than average.
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