No change in Australian interest rates

The Reserve Bank of Australia has left interest rates unchanged at 6.25%, where they have remained since November 2006. The decision was widely expected.

Although most analysts still expect that the Reserve Bank will try to avoid any rate rises for the rest of the year, the likelihood of a rise at the next monetary policy meeting in August is seen to have increased.

The annual rate of consumer price inflation fell to 2.4% in the first quarter of this year, compared with a peak of 4% in 2006,

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