Category: hold
Interest rates on hold for October, but a cut may be on the cards
Last week saw the Reserve Bank of Australia elect to keep the official cash rate on hold at 4.75 per cent. This was the tenth consecutive month that the decision has been made to keep rates steady. Despite this prolonged period of rates on hold, 2011 has certainly been a rollercoaster year in terms of interest rate predictions. Not long ago economic conditions suggested that the only question regarding a move by the Reserve Bank to increase the official cash rate was not ‘if’...Read complete post