Rates held steady at 7.25 per cent

RBA governor Glenn Stevens said that recent information had provided evidence that domestic demand was moderating and that business and consumer sentiment softened in the early part of 2008.

Inflation, however, is still expected to put pressure on rates in the near-term; Mr Stevens commented that the current setting of monetary policy would only be appropriate “for the time being.”

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 01 April 2008