RBA rates: no change, no surprise – but next move may be down
- Tuesday, 04 October 2011
The Reserve Bank of Australia (RBA)'s October 4 decision to leave cash rates unchanged at 4.75 per cent – for the 11th month in succession – did not come as a surprise to economists. The RBA noted the continued resilience of the Chinese economy in the face of successive waves of bad news from Europe and the US, although analysts have interpreted the reserve bank's overall tone as broadly dovish.
