No Change to Interest Rates – 2 September 2014

The Governor of the Reserve Bank of Australia, Glenn Stevens, has today announced that interest rates are to remain on hold. He has stated “In the Board’s judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.”

Read the full media release here: http://www.rba.gov.au/media-releases/2014/mr-14-15.html

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