Rate likely to stay on hold for 2013
Homeowners' chances of scoring further mortgage relief are looking increasingly slim after the Reserve Bank of Australia kept its cash rate on hold for a third straight month.
Homeowners' chances of scoring further mortgage relief are looking increasingly slim after the Reserve Bank of Australia kept its cash rate on hold for a third straight month.
Business confidence shrank during the June quarter, and while actual conditions improved slightly they remain low, according to an NAB (ASX:NAB) report
The RBA board has voted not to touch the cash rate again in June, on the belief that GDP and CPI inflation are returning to their target trajectory as the effects of natural disasters mitigate
The OECD has projected that Australia will soon recover financially from the natural disasters of earlier in the year, and said that global recovery is underway but the world's economy is still fragile
The RBA has voted to leave the cash rate at 4.75%, but said there are signs that rising inflation will influence the rate in the long term