The Reserve Bank met on the 4th September and agreed to keep interest rates unchanged.
This follows the rise in August, which had been the first since last November, so we may well be returning to the interest rate stabity that we had become used to.
The recent stockmarket jitters and the possible downward impact this may have on the economy was no doubt a key influence in their decision, after the surprise outcome in August where they cited a stonrger than expected econnmy as the motivation to increase the rate.
With the Federal election still to be announced but due for later this year, we should expect relative stability and perhaps even a small likelihood of a reduction prior to year end.
This follows the rise in August, which had been the first since last November, so we may well be returning to the interest rate stabity that we had become used to.
The recent stockmarket jitters and the possible downward impact this may have on the economy was no doubt a key influence in their decision, after the surprise outcome in August where they cited a stonrger than expected econnmy as the motivation to increase the rate.
With the Federal election still to be announced but due for later this year, we should expect relative stability and perhaps even a small likelihood of a reduction prior to year end.
