World Economy

RBA Keeps Rates Unchanged

RBA Keeps Rates UnchangedRBA Keeps Rates Unchanged

The Reserve Bank of Australia has kept the official interest rate at 1.75% on Wednesday, as expected, with investors poring over detail of Governor Glenn Stevens’ statement, AAP reported. The primary focus was the potential for the reintroduction of an official easing bias in the statement, but the RBA opted to keep its cards close to its chest on the outlook. “The Reserve Bank has maintained a ‘neutral stance’–indicating that policymakers will assess more information before deciding the next move on rates,” CommSec chief economist Craig James said.