{"id":22145,"date":"2011-07-05T03:49:00","date_gmt":"2011-07-05T07:49:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=e834d88c12441c7a0f16f2a0351b66d8"},"modified":"2011-07-05T03:49:00","modified_gmt":"2011-07-05T07:49:00","slug":"reserve-bank-of-australia-maintains-cash-rate-at-4-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/05\/reserve-bank-of-australia-maintains-cash-rate-at-4-75\/","title":{"rendered":"Reserve Bank of Australia Maintains Cash Rate at 4.75%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The<span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">\u00a0<a href=\"http:\/\/www.rba.gov.au\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">Reserve Bank of Australia<\/a>\u00a0(RBA)<\/span>\u00a0maintained the cash rate unchanged at 4.75%. \u00a0The RBA said: &quot;the Board judged that the current mildly restrictive stance of monetary policy remained appropriate&quot;. \u00a0The RBA also noted: &quot;Year-ended CPI inflation is likely to remain elevated in the near term due to the extreme weather events earlier in the year. \u00a0However, as the temporary price shocks dissipate, CPI inflation is expected to be close to target over the next 12 months.&quot; <\/p>\n<div><\/div>\n<div>The Bank also\u00a0held the <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/reserve-bank-of-australia-holds-cash.html\">cash rate\u00a0unchanged<\/a> at 4.75% at its previous meeting in June this year, it last increased the interest rate by 25 basis points in November last year. \u00a0Australia reported annual consumer price inflation of 3.3% in Q1 this year, up from 2.7% in the December quarter of 2010, and just outside the Bank&#39;s inflation target of 2-3%. \u00a0The Australian economy shrank -1.2% during the March quarter due to the impact of natural disasters; placing year on year GDP growth at a slower pace of 1.2%. <\/p>\n<div><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<\/p><\/div>\n<p><\/span> <\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2193263871471349755?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Reserve Bank of Australia\u00a0(RBA)\u00a0maintained the cash rate unchanged at 4.75%. \u00a0The RBA said: &quot;the Board judged that the current mildly restrictive stance of monetary policy remained appropriate&quot;. \u00a0The RBA also noted: &quot;Year-ended &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22145","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22145"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}