RBA keeps cash rate at 4.25%

As nine out of ten nutritionists, and economists, predicted, the RBA holds rates today.

The basic story is Australia is doing roughly ok, the USA is improving, some of Europe are up the creek, but will still survive.

For mortgage holders, its same old same old, with credit costs running near their long term average, although the average home-owner has been feeling the brunt of inflation with utilities and living costs surging in the past year (particularly around SE Qld were water was sold off).

RBA Logo

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

Full statement available from RBA Website.