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March 2014 RBA Update: Month in review

By the resi financial blog team, 04 March 2014

RBA update March 2014

Despite property prices rising significantly over the past year, the Reserve Bank of Australia decided to keep the cash rate on hold at 2.5 per cent at its March meeting. This is the sixth straight meeting that rates have remained unchanged and there was no sign from the RBA that rates would change any time soon.

At the meeting, RBA governor Glenn Stevens, said growth in the global economy was still a bit below trend in 2013 but there were reasonable prospects of a pick-up this year. "The United States economy, while affected by adverse weather, continues its expansio ...

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