PRLog (Press Release) –
Apr 04, 2008 – As was widely hoped, the Reserve Bank (RBA) decided to again leave the Official Cash Rate (OCR) steady at 7.25 per cent when it met this week.
Governor Glenn Stevens said in his statement that the Bank will adopt a `wait and see' attitude after the four rises in the past twelve months, given that "other recent information provides tentative evidence that growth in domestic demand is moderating".
Economists are now predicting that while inflation levels remain steady, there should be no more need this year for homeowners to bear the brunt of further interest rate hikes.
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