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RBA Rate Bulletin

Omar and Ken
Directors

Suite 1
26 Castlereagh Street
Liverpool NSW 2170
Tel:1300 911 922
Fax:1300 922 922

RBA Leaves Official Cash Rate Unchanged

At its meeting today, the Board decided to leave the cash rate unchanged at 3.25 per cent.


Statement by Glenn Stevens, Governor Monetary Policy RBA

Recent data confirm that the world economy has remained very weak following the sharp decline in demand that occurred late last year. The major industrial economies reported large contractions in output in the December quarter, as did a number of emerging market economies across Asia and eastern Europe. Many countries are likely to be experiencing further falls in output in the current quarter.

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