Reserve Bank – Interest Rates

Posted on: February 5th, 2014 by Simon Oldham No Comments

The Reserve Bank of Australia has kept the cash rate unchanged for a fifth straight month.

The decision to leave the rate at a record low of 2.5 percent was fully expected when the RBA met for its first meeting of 2014.

The Australian dollar rose above 88 US cents immediately after the announcement

In a statement accompanying its decision, the RBA said “the most prudent course is likely to be a period of stability in interest rates”.

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