Interest Rates Likely to Remain Unchanged

LATEST AUSTRALIAN BUSINESS NEWS

With the Australian economy showing a deal of tightening over the past months there is added speculation that tomorrow’s meeting of the Reserve Bank of Australia (RBA) will leave interest rates unchanged.

Key data at the time of writing -

• Official Cash Rates 5.5%
• Exchange Rate A$1 = US77.95 cents
• Inflation Rate 2.4% for the 12 months to March 2005
• Next Statement on Monetary Policy by RBA - 6 May 2005

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David

david.taylor@agarcarlyon.com">editor@agarcarlyon.com