Despite the inflation rise at home, the Reserve Bank decided to keep interest rates at 4.75% when they got together yesterday for their August Pow Wow.
The main reason being a slow down in the growth of the global economy due to events such as the Japan earthquake and public finances of the US and Europe.
You can get the whole story on the RBA website here.
Or to find out how this might affect you and your finances contact Zenith Finance any time on 1300 288 874.
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