Costello says RBA decision reflects solid growth

Treasurer Peter Costello said the Reserve Bank of Australia's decision to leave interest rates at 5.5 per cent after its monthly board meeting on Wednesday 3 August reflects continuing solid economic growth in the country.

"The decision today to keep interest rates on hold indicates that the economy is continuing to grow solidly," Mr Costello said.

"Because inflation is low, then our interest rates have been low.

"Whilst inflation is kept low, interest rates will be kept low."

The RBA last increa

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