RBA left interest rates unchanged at 3.25%

Update: RBA decision on interest rates April 2009

Today the Reserve Bank of Australia (RBA) has left the cash interest rate unchanged, after its monthly board meeting on Tuesday.

The cash rate remains at 3.25 per cent, in a decision that brought to and end a series of interest rate reductions made by the RBA since September last year.

Back in September, the cash rate was cut to seven per cent and eventually fell to a 45 year low in February this year.

Most economists were predicting a 25 basis point reduction for today. But the RBA's decision was seen by many economists as too close to call, following a recent run of conflicting economic data.

Economists will learn tomorrow whether the economy expanded or contracted, with the release of the fourth-quarter GDP figures.

Get your quotes now

What to find out more? Enquire now

Published on March 3-rd, 2009 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.

More on this topic

Enquire about Home Loans
Please enter the estimated value of the property

Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

Related Topics