RBA holds interest rates at 4.75% due to Queensland floods

By David Olsen · 1 February 2011 · Cashflow

RBA holds interest rates at 4.75% due to Queensland floods

Full details: RBA holds interest rates at 4.75% due to Queensland floods

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Summary

The Reserve Bank of Australia Board in its meeting today decided to hold official interest rates unchanged at 4.75 percent due to the dampening effect on inflation and economic activity as a result of the floods in Queensland.

Tags: Finance, Glenn Stevens, Home Loans, Inflation, Interest Rates, Kristy Sheppard, Reserve Bank