Bloomberg News

RBA Leaves Key Rate at 4.75%, Highest in Developed World

September 06, 2011

Sept. 6 (Bloomberg) -- The Reserve Bank of Australia left its benchmark interest rate unchanged for a ninth straight meeting at 4.75 percent, the highest among the world’s developed economies.

Governor Glenn Stevens’s decision, announced in a statement today after a meeting in Perth, matched the prediction of all 25 economists surveyed by Bloomberg News. The benchmark borrowing cost has been unchanged since it was last raised in November.

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editor responsible for this story: Brendan Murray at brmurray@bloomberg.net


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