Deprecated: iconv_set_encoding(): Use of iconv.internal_encoding is deprecated in /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/string/string.php on line 27

Deprecated: iconv_set_encoding(): Use of iconv.input_encoding is deprecated in /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/string/string.php on line 28

Deprecated: iconv_set_encoding(): Use of iconv.output_encoding is deprecated in /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/string/string.php on line 29

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/string/string.php:27) in /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/session/session.php on line 658

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/string/string.php:27) in /home3/fce001/public_html/ratesonly.com.au/libraries/joomla/session/session.php on line 658
RBA held the official rate on hold for April 2016

RBA held the official rate on hold for April 2016

5 April 2016, 12:00 am Written by 

RBA held interest rates steady at 2.00% for a 10th straight policy meeting today as widely expected.

However the door was once again left open to a rate cut should developments in economy, such as inflation, unemployment or risks from offshore warrant it, but there was little sign a move might be imminent.

"The board judged that there were reasonable prospects for continued growth in the economy," RBA Governer Glenn Stevens said in a brief statement.

"Continued low inflation would provide scope of easier policy, should that be a appropriate to lend support to demand," Mr. Steven said.

 


Strict Standards: Only variables should be assigned by reference in /home3/fce001/public_html/ratesonly.com.au/modules/mod_wsfbcom/mod_wsfbcom.php on line 18