RBA August: Official Interest Rates Left Unchanged At 4.50%

Aug 03, 2010

As widely expected, RBA decided to leave official interest rates unchanged at 4.5 per cent today.

Positive inflation numbers, flat retail sales and soft housing data allowed RBA to keep interest rates steady for a third straight month.

As underlying inflation rate had fallen to 2.7 per cent, well within RBA's target of 2-3 per cent, most economists believe RBA will not raise official interest rates again until they get information on new inflation numbers in late October.

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