 | |  | | RBA leaves interest rates unchanged
Wednesday September 5, 2007, 9:42 am
The Reserve Bank of Australia (RBA) has left interest rates unchanged after yesterday's monthly board meeting as widely tipped.
But some economists expect another rate increase in coming months, possibly as early as November if next month's key inflation data shows building price pressures.
Yesterday's unexpectedly strong June quarter National Accounts, which showed annual gross domestic product at a three-year high of 4.3 per cent, added to the case for another move.
The RBA raised interest rates last month to their highest level in nearly 11 years on a renewed spike in inflation in the June quarter and jacked up its inflation forecast to 3.0 per cent for the rest of this year, the top of its 2-3 per cent target.
The RBA has raised interest rates nine times since 2002. |  |  |  |  |
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