Interest Rates Unchanged in March

[roypropertyinv]

RBA Statement

Key notes from the statement:

1. In Australia, recent information suggests slightly firmer consumer demand and foreshadows a solid expansion in housing construction.
   
2. The demand for labour has remained weak and, as a result, the rate of unemployment has continued to edge higher.
   
3. Dwelling prices have increased significantly over the past year.
   
4. Looking ahead, the Bank expects unemployment to rise further before it peaks.
   
5. On present indications, the most prudent course is likely to be a period of stability in interest rates.

 

[willair]

RBA Statement

1. On present indications, the most prudent course is likely to be a period of stability in interest rates.

Maybe they should take the error rate into account,any forecasting without taking a projection too seriously is asking for trouble..