No New Year Suprises as RBA Puts a Hold on Interest Rates

March 24th,2014

The Real Estate Institute of Australia (REIA) says the Reserve Bank of Australia’s (RBA) first Board meeting of the year has resulted in no surprises but an interest rate cut was justified in order to stimulate a stagnant market.
The RBA last cut its cash rate in December, when it was eased by a quarter of a percentage point to three per cent - back to levels last seen during the global financial crisis four years ago.