RBA RATES ON HOLD FOR MARCH

March, 2016

 

At its meeting today, the Board decided to 

 

LEAVE THE cash RATE ON HOLD AT 2.0%

 

The Governor of the RBA, Glenn Steven’s statement is available in full CLICK HERE

 

Glenn Steven’s did announce that there is potential to lower the cash rate later in the year.

 

Thought you might be interested in seeing a snap shot of our economy:

 

Economic Group +2.5%

Inflation 1.7%

Population 23.8 million – 1.4% annual growth

Unemployment rate 5.8% – 11.9 million Employed

Average Weekly Earnings $1,137

Average price of Residential dwellings $612,000

 

 

Until next time…..

Regards Pauline Sultana