Tuesday, February 7, 2012

RBA - Feb 2012 Rates on Hold

Interest Rate Bulletin

Equitimax Pty Ltd

John McLennan & Robert Ward

Equitimax Pty Ltd
PO Box 929
Chatswood NSW 2057
Tel: 02 9411 5322
Mob: 0401 956 667
Fax: 02 9411 5200

Interest Rate Bulletin Febuary 2012

RBA Leaves Rate Unchanged

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.
Statement by Glenn Stevens, Governor Monetary Policy RBA.
Information becoming available since the December meeting confirms that economic conditions in Europe were weakening late last year, with risks still skewed to the downside. Reflecting this, most forecasters have lowered their forecasts for world GDP growth this year to a below trend pace. That said, recent data from the United States suggest a continuing moderate expansion after a soft patch in mid 2011.

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