Zenith Finance Blog

Coooeee!  Coooeee! Just as I thought, there's an echo in here.
Let me try another one... 

So once again the Reserve Bank Board have waddled out of their ivory tower to tell us the cash rate target will stay 4.25%.

And once again the RBA media release  starts off talking about the world economy instead of what's going on here in Australia. This seems crazy for a couple of reasons... 

You've probably heard that the RBA today announced interest rates are not dropping.

Well, I'm annoyed! Not just about the rate news, but the lily-livered reason they've given us in their media release. 

The Reserve Bank Board have today decided to leave the cash rate target to 4.25%. ` 

Something for the crowd to cheer about today no matter which team you supported over the weekend...the referees at the Reserve Bank are sticking with their decision and keeping interest rates at 4.75% today.

Once again, the unsettled global financial markets are the main reason. 

Despite the inflation rise at home, the Reserve Bank decided to keep interest rates at 4.75% when they got together yesterday for their August Pow Wow. 

The main reason being a slow down in the growth of the global economy due to events such as the Japan earthquake and public finances of the US and Europe. 

A frugal start to the new Financial Year as the Reserve Bank Board keep the cash rate target at 4.75%.  

It might be cold outside, but the Reserve Bank Board have been all warm and fuzzy today deciding to keep the cash rate target at 4.75%.  

As hoped by all, a nice 'welcome to Autumn' message from the RBA - the cash rate target for interest will remain at 4.75%. 

A happy new year's message from the RBA who announced today that they are keeping the cash rate target at 4.75%.