June 2013: RBA decision to keep cash rate at 2.75%

– Cash rates remain at 2.75%
– Westpac predicts that cash rates will fall to 2% by early 2014

Statement by Glenn Stevens, Governor of Reserve Bank of Australia: Monetary Policy Decision June 4, 2013: At its meeting today, the Board decided to leave the cash rate unchanged at 2.75 per cent. Information becoming available since the previous meeting is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year.Read More