RBA holds rates but suggests cuts could follow


The board of the Reserve Bank of Australia (RBA) today held its benchmark interest rate at 3%, but left the door open for further easing at future meetings.

Inflation rose to 2.2% in December, consistent with the RBA's medium-term target, and the central bank believes it will remain around this level for the next one or two years.

Glenn Stevens, the RBA governor, said this gives the board the flexibility to cut rates if they see fit. "The inflation outlook, as assessed at present, would afford

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