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Economic Update

RBA: Start of an extended rate pause?

01 Mar 2011
From

Reserve Bank Board meeting

  • The Reserve Bank Board has left the cash rate at 4.75 per cent at its second meeting for 2011. The next meeting is on April 5 2011.
  • The Reserve Bank Board provided a relatively short accompanying statement. The statement suggested that the Reserve Bank remains comfortable with how labour market conditions are evolving at present – noting that “reports of skills shortages remain confined, at this point, to the resources and related sectors. After the significant decline in 2009, growth in wages has returned to rates seen prior to the downturn.”

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