RBA keeps rate on hold

Posted on August 7th, 2012 · Posted in News

Reserve Bank of AustraliaOnce again the Reserve Bank has made the difficult decision to keep interest rates on hold.  At today’s meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate.