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Australia’s central bank holds interest rates at 7.25%

HONG KONG (MarketWatch) — Australia’s central bank kept its short-term interest rate target at a decade-high 7.25% Tuesday, as expected. In an accompanying statement Reserve Bank of Australia Gov. Glenn Stevens said past interest-rate hikes and tighter lending standards have led to substantial tightening in financial conditions since the middle of last year. “The evidence is that the tightening in financial conditions, in conjunction with other factors including rising fuel costs, is working to restrain demand,” Stevens said in a statement posted on the RBA Website.
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Original post by Forextvblog

This entry was posted on Monday, June 30th, 2008 at 10:32 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Australia’s central bank holds interest rates at 7.25%”

  1. Interest Rates » Australia’s central bank holds interest rates at 7.25% Says:
    July 1st, 2008 at 4:27 am

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