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Reserve Bank Leaves Rates on Hold

March 5th 2012

As expected, the Reserve Bank of Australia has left the official cash rate on hold at 4.25 per cent.

RBA Govenor Glenn Stevens said “with growth expected to be close to trend and inflation close to target, the Board judged that the setting of monetary policy remained appropriate for the moment”.

Read the full statement by Glenn Stevens here.

The board next meets on April 3.

Reserve Bank of Australia