RBA To Keep Rates At Current Levels For Some Time

The Reserve Bank, in its March meeting minutes had decided to keep the cash rates on its current levels at 2.5% indefinitely, citing a period of stability was appropriate as the economy experienced favorable conditions.

Data from the Australian Bureau of Statistics show that there was a 37% growth in employment for the month of February. Home mortgages are also on the rise, with lending standards at par with expectations.

As soon as the minutes were released, the Australian dollar has increased to 91.07 US cents.

Read more about this on the Australian website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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