RBA uses minutes to flag its intent
For the second month in a row, the Reserve Bank of Australia has made a point of using the minutes of its board meeting to modify the impression given by its post-meeting announcement.
For the second month in a row, the Reserve Bank of Australia has made a point of using the minutes of its board meeting to modify the impression given by its post-meeting announcement.
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 groups say the make-up of growth over 2012 indicates that the transition from resources to non-mining sectors to drive the economy may still need the helping hand of another interest rate cut.
It's more good news for those travelling overseas and more bad news for manufacturers, farmers, local tourism operators and exporters.
The RBA annoucement on Tuesday that it will keep the cash rate at 3.5 per cent came with no real hint that further cuts are in the pipeline.