RBA keeps rates on hold at 4.5pc

“The Reserve Bank of Australia kept its benchmark interest rate unchanged for a fifth straight meeting, judging that inflation is less of a risk to the local economy than a faltering global recovery”. (Australian Financial Review 05 October 2010)

A bit of relief for everyone holding a mortgage or in the market to purchase…  now we just need to wait and see whether any of the banks decide to increase their rates independently of the RBA, there’s mixed views about this today amongst economists.

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