Reserve Bank Board meeting
- The Reserve Bank Board has left the cash rate at 4.75 per cent at its first meeting for 2011. The next meeting is on March 1 2011.
- The Reserve Bank Board provided a relatively long accompanying statement, paying particular attention to the floods. In short, the RBA says that the floods won’t impact interest rate settings: “The focus of
monetary policy will remain on medium-term prospects for economic activity and inflation.”