In their meeting on the 7th June, the Federal Reserve Bank decided to leave interest rates unchanged.
This was predicted by most, and we can now expect a period of interest rate stability as the Reserve Bank assesses the impact of the economy from the recent tax changes announced in the budget, which come into effect on the 1st July 2006.
Australia has been able to maintain a steady interest rate, with only one rise of 0.25% in the past 14 months, unlike many other countries including the USA.