The Reserve Bank of Australia (RBA) has left official interest rates unchanged at 4.75 per cent at its board meeting on September 6, 2011.
RBA decision to keep the official cash rate on hold met the expectation of financial markets:
So the Board judged that it was prudent to maintain the current stance of monetary policy. In future meetings, the Board will continue to assess carefully the evolving outlook for growth and inflation.
Economists expect the RBA will keep rates on hold for the next few months but believe a worsening in the world economy could trigger a cut later this year.
However some lenders already cutting their rates. 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...