The Reserve Bank of Australia left interest rates unchanged yesterday.
The current interest rates are on a 49 year low of three percent. The reason the RBA left the rates unchanged was due to some evidence that the Global economy was stabilizing.
Governor Glen Stevens said rates were kept the same due to the stimulus package helping the recovery with the turnaround clearest in China.
Stevens went on to state that the prospect of inflation declining over the medium term suggest that scope remains for some additional easing of monetary policy if needed.