Australia RBA Interest Rate Decision stays unchanged at 3% in Apr 2

Apr 2, 2013

Forex Flash: Australia housing market revival suggest rates are supporting the sector – NAB

As latests data shows, house prices rose all across Australia: “There’s enough in signs of the housing market’s revival to suggest to the RBA that rates are beginning to support the sector,” analysts at the NAB say, adding: “These gains are another sign that mortgage lending rates are supporting the housing re-sale market and housing buyer confidence,” the bank notes.

RBA holds rates at 3%; statement more neutral

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 3.0%, saying that moderate inflation still provides scope for easing, however downside risks appear to be reduced.