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RBA Rate Bulletin

The Team
at the Premium Mortgage Group

Head Office:
1/95 Denham St Townsville QLD 4810
Kirwan:77 Thuringowa Dr, Kirwan QLD 4817
Tel:07 4720 8888 / Kirwan 4723 5200
Fax:07 4720 8800 / Kirwan 4723 5211

RBA Leaves Official Cash Rate Unchanged

At its meeting today the Board decided to leave the cash rate unchanged at 3.0 per cent.


Statement by Glenn Stevens, Governor Monetary Policy RBA

The global economy contracted further during the first few months of this year. While the near-term outlook remains weak, there are further signs of stabilisation in several countries. The Chinese economy in particular has picked up speed in recent months and many commodity prices have firmed a little. The considerable economic policy stimulus in train in most countries should help contain the downturn and support an eventual recovery.

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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2009.