Statement by Glenn Stevens, Governor: Monetary Policy Decision

Mon, 04 Jul 2011 09:50:00 +1000

Mortgage holders were given a boost today when the Reserve Bank decided to keep interest rates on hold.

June 2011 - Interest rates steady at 4.75%

Tue, 02 Feb 2010 15:20:00 +1100

AAt its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
The global economy is continuing its expansion, led by very strong growth in the Asian region, though the recent disaster in Japan is having a major impact on Japanese production, and significant effects on production of some manufactured products further afield. Commodity prices have generally softened a little of late, but they remain at very high levels, which is weighing on income and demand in major countries and also pushing up measures of consumer price inflation. In response, a number of the countries with stronger expansions have been moving to tighten their monetary policy settings over recent months. Overall, though, financial conditions for the global economy remain accommodative. Uncertainty over the prospects for resolution of the banking and sovereign debt problems in Europe has increased over the past couple of months, which has been adding to financial market volatility.

Bongiorno clients, family and friends share a once in a life time evening with Knighted Polar Explorer...

Thu, 10 Dec 2009 22:10:00 +1100

Bongiorno

Statement by Glenn Stevens, Governor: Monetary Policy Decision

June 2011 - Interest rates steady at 4.75%

Bongiorno clients, family and friends share a once in a life time evening with Knighted Polar Explorer...

Bongiorno clients, family and friends share a once in a life time evening with Knighted Polar Explorer...