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RBA Rate Bulletin

John Kinross
Director

PO Box 741
Rozelle NSW 2039
Tel:1300 885 559
Mob:0405 534 344
Fax:1300 885 559

RBA Leaves Official Cash Rate Unchanged

At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent.


Statement by Glenn Stevens, Governor Monetary Policy RBA

With considerable economic policy stimulus in train around the world, the global economy is resuming growth. Growth in China has been very strong, which is having a significant impact on other economies in the region and on commodity markets. The major economies appear to be approaching a turning point. Most observers still expect only modest growth in the world economy in 2010, due to the continuing legacy of the financial crisis, though forecasts have been revised up recently.

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