Reserve Bank Interest rate update – July 2011

The RBA board decided rates would remain at 4.75 per cent, the level reached when the official cash rate was pushed up by 25 basis points in November last year.

The decision to leave rates unchanged was widely predicted by market watchers after recent economic data showed parts of national economy were still sluggish and Europe remained jittery about Greece’s debt woes.

Leave a Reply

Your email address will not be published. Required fields are marked *