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Symond calls for RBA to hold rates

Staff Reporter 1 minute read

Aussie Home Loans has called for the Reserve Bank of Australia to hold official interest rates at its meeting tomorrow.

Executive chairman of Aussie John Symond said that despite economic improvement expected in 2010, credit is still in very short supply.

“We are heading into the crucial Christmas retail season and a rate hike will hurt sales and create further concerns for households,” Mr Symond said.

“The Reserve Bank needs to be very cautious in lifting rates prematurely, having regard to the ongoing uncertainty and widespread economic problems still being experienced around the world,” he said.

Symond calls for RBA to hold rates
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