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RBA leaves rates on hold (4)

Australian interest rates will remain unchanged until at least February after the Reserve Bank decided to leave rates unchanged in December.

Homeowners and buyers breathed a collective sight of relief this week when the Reserve Bank (RBA) opted this week to leave interest rates on hold, after two rises this year.
 
The central bank last raised the official cash rate by 0.25 per cent in November to 6.75 per cent.

Economists expected the Reserve Bank Board would be waiting to see the effects of the latest increase before making any further decisions.  The next quarterly inflation report is due at the end of January, just before the board reconvenes in February.

- interest, rate, market, loan, finance

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