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RBA … Rates on Hold

July 2, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises by admin  |  Comments Off on RBA … Rates on Hold

 

Reserve BankFollowing the decline of the Aussie Dollar and improvements in the Manufacturing Sector the Reserve Bank Board has elected to “Wait & See” by retaining the Official Cash Rate at the current level of 2.75%.

Further reductions in the Variable Interest Rates are predicted however economists are not confident to predict further falls in Fixed Interest Rates which are already experiencing record low levels.

 

Posted in Insider Tips, Latest News, Rate Cuts, Rate Rises.