Tuesday, February 2, 2010

RBA keeps rates steady at 3.75%

Good news for homebuyers and homeowners. This afternoon the Reserve Bank of Australia decided not to increase the interest rate, choosing to wait and see with other economic indicators yet to come in. They will evaluate the Australian economy's reaction in the coming weeks and meet again next month to decide on interest rates. The cash rate remains at 3.75% and all banks have also decided not to increase their home loan rates.

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