RBA meeting March 2011: Interest Rates on hold at 4.75%

As expected, the Reserve Bank of Australia (RBA) has left official interest rates unchanged at 4.75 per cent at its board meeting on March 1, 2011.

The Board judged that the current mildly restrictive stance of monetary policy remained appropriate in view of the general macroeconomic outlook in Australia and abroad.

The market is forecasting there will be no official rise in interest rates for the next few months as Australia continues to battle the effect of a "two speed economy" - the powerful resources boom is being offset by weakness in the retail market. However there is still a possibility the commercial banks could move independently and raise mortgage rates out of step with the central bank...

Please fill out the form on this page to find out which Mortgage Lender in Australia offers the best Home Loan following this RBA decision...

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