RBA Leaves Rates Unchanged Once Again

Tuesday, June 2nd, 2009

At it's monthly meeting today, the RBA has once again decided to freeze interest rates at their current position of 3.0 per cent. From the website: "Evidence has continued to emerge that the global economy is stabilising, after a sharp contraction during the December and March quarters. The considerable economic policy ...

Modest reduction in interest rate

Tuesday, April 7th, 2009

The Reserve Bank of Australia met today to discuss the state of the global economic crisis, and how Australia is faring in comparison to other countries, including its trading partners. They have determined that another modest drop in the official cash rate is necessary to continue to stabilise the downturn. In ...