Interest rates kept on hold
Submitted 3/02/2010
Migration for Business Growth
The Reserve Bank has decided to leave interest rates on hold - for now. The RBA left its key cash rate unchanged at 3.75 per cent after its monthly board meeting.
RBA governor Glenn Stevens cited excessive hikes by major banks as one of the reasons for holding back. The market had been strongly tipping a quarter-percentage point rise - and the RBA's statement today suggests more rate rises in future.


