Rate rise in the pipe­line

Townsville Bulletin - - Investor -

THE Re­serve Bank of Aus­tralia ( RBA) sur­prised no one by leav­ing the cash rate un­changed but econ­o­mists ex­pect a rise in the next few months.

The cen­tral bank yes­ter­day opted to leave the cash rate at 4.75 per cent, where it has been since Novem­ber.

In a state­ment that ac­com­pa­nied the in­ter­est rate de­ci­sion, RBA gov­er­nor Glenn Stevens cited low in­fla­tion, a pick-up in pri­vate in­vest­ment and on­go­ing con­sumer spend­ing as rea­sons for hold­ing off the rate rise but­ton.

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