RBA keeps interest rates unchanged at 4.75%

The Reserve Bank of Australia keep interest rates unchanged on Wednesday for the 14th month running. RBA governor Ian Macfarlane said in June he was prepared to lower interest rates unless global demand recovers.

Source: Bloomberg

Australia's central bank kept its benchmark interest rate unchanged and may not cut rates this year because borrowing and consumer spending are surging at the same time the U.S. economy is showing signs of recovery.

The Reserve Bank of Australia left the overnight cash

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account