The Reserve Bank of Australia maintained the official cash rate at 2.50% at its October 2014 Board meeting. Key reasons cited for the decision include: - Growth in the global economy is continuing at a moderate pace. - In Australia, most data are consistent with moderate growth in the economy. - Monetary policy remains accommodative. Interest rates are very low and have continued to edge lower over recent months as competition to lend has increased. - The exchange rate has declined recently however it is offering less assistance than would normally be expected in achieving balanced growth in the economy. - On present indications, the most prudent course is likely to be a period of stability in interest rates Source: Colliers International PRDnationwide is a Colliers International Company
Posted on: Tue, 07 Oct 2014 03:37:38 +0000
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