The Reserve Bank of Australia (RBA) has left official interest rates unchanged at 4.75 per cent at its board meeting on October 4, 2011.
RBA decision to keep the official cash rate on hold met the expectation of financial markets:
So the Board judged the current cash rate remained appropriate. As always, the Board will continue to assess carefully the evolving outlook for growth and inflation.
Most economists speculates that the tone of the announcement sets scene for the rate cut. But some lenders are already involved in a price war. So please fill out the form on this page and make sure you don't miss on the best Home Loan deal following this RBA decision...