RBA August: Official Interest Rates Left Unchanged At 4.50%

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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Published on August 8-rd, 2010 in Home Loans
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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