The Reserve Bank of Australia made no changes to the official cash rate yesterday. The interest rate remains at its record low of two percent for the fourth month in a row. The move to maintain the current cash rate was widely expected by economists and traders. Many experts were one in saying that the central bank was maintaining a "wait-and-see" attitude following the two rate cuts in …
Interest Rates Put On Hold at 2%
The Reserve Bank of Australia (RBA) has kept the interest rates steady at its record low of two percent. The decision was made in today's meeting of the bank on monetary policy. This is the third straight month that the rate was maintained at its lowest. RBA Governor Glenn Stevens said that "while the rate of growth has been somewhat below longer-term averages, it has been associated with …