The RBA left the Interest rate on hold during the meeting last March 05, 2013. During the meeting, he cash rate unchanged at 3.0%.
Based on the RBA’s Governor Glenn Stevens statement, ‘sentiment in financial market is much improved compared with the middle last year.’ Would it be the only basis why interest rate unchanged? Dwelling investments appears to be slowly increasing and further signs that already loose local monetary policy is getting some traction. The housing market continued to improve which means that global economic indicators were more optimistic and we have a better market compared last year. Some are still expecting interest rate cut by the 3rd quarter of this year. Will interest rate cut possible?