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Staff Reporter
Interest rates will most likely rise again this year, according to the RBA.
Minutes from the latest RBA monetary policy board meeting, taken on October 5 and released today, said that while the overall global outlook was broadly unchanged, interest rates would need to rise "at some point".
“Global economic growth remained around trend, but with significant differences across regions,” the minutes read.
“In the North Atlantic economies, growth remained subdued, while growth prospects for Asia remain solid.”
“As such, the Board concluded that it would be appropriate to hold the cash rate steady for the time being, pending evaluation of further information at the next meeting.”
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