Interest rates on hold for the 7th month as residential building approvals continue to rise
Tuesday, March 4th, 2014The RBA has kept the official cash rate at 2.5 percent on the basis that “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target” with a “period of stability in interest rates” most likely going forward, reported by RBA Governor, Glenn Stevens today. Some of the comments from the RBA Govenor, from the Board’s decision today included “dwelling prices have increased significantly over the past year”, “a solid expansion in housing construction” and “some indicators of business conditions and confidence have shown improvement”. “The US economy continues its expansion” and ...
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