Garry K
07-07-2004, 12:15 PM
Sydney - Wednesday - July 7: (RWE) -
"Financial markets showed
little response to the Reserve Bank's decision to leave interest rates
steady at 5.25 per cent.
Most economists were expecting the RBA to put rates on hold
until more data emerges.
The rate has not changed since last December.
The Australian dollar crept up about 23 points to trade at
71.58c while on the crosses the yen is being quoted at 78.20 yen,
0.5826 euros and 38.88 sterling.
Bonds barely moved.
One sharemarket analyst suggests that it companies will be
happy to see borrowing rates virtually steady for the beginning of the
new financial year.
Analysts have been speculating that the RBA might lift rates
the light of continuing strength in the property market after building
approvals and credit growth showed further gains last month.
In addition the Fed last week lifted its Fed Fund rate 25 basis
points to 1.25 per cent, the first rise in four years."
GarryK
"Financial markets showed
little response to the Reserve Bank's decision to leave interest rates
steady at 5.25 per cent.
Most economists were expecting the RBA to put rates on hold
until more data emerges.
The rate has not changed since last December.
The Australian dollar crept up about 23 points to trade at
71.58c while on the crosses the yen is being quoted at 78.20 yen,
0.5826 euros and 38.88 sterling.
Bonds barely moved.
One sharemarket analyst suggests that it companies will be
happy to see borrowing rates virtually steady for the beginning of the
new financial year.
Analysts have been speculating that the RBA might lift rates
the light of continuing strength in the property market after building
approvals and credit growth showed further gains last month.
In addition the Fed last week lifted its Fed Fund rate 25 basis
points to 1.25 per cent, the first rise in four years."
GarryK