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Monthly Archives: February 2013

Interest Rates on Hold

February 5, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

The Reserve Bank of Australia has confirmed the predictions of many senior economists by announcing that the Official Cash Rate will be retained at the current level of 3% throughout February 2013.

This announcement follows the publishing of positive reports from the Australian Real Estate and Building Industries + a renewed optimism in the US and European economies. With an Official Cash Rate of 3% the RBA retains the ability to reduce interest rates in the future if the Australian economy needs additional stimulus.