Interest rates expected to remain stable
6 May 2009
Interest rates are expected to remain steady at three percent for at least the next four weeks despite the Reserve Bank of Australia meeting this week. Economists expect that there may be further cuts on the official interest rate over the next few months although they may be more restrained then the big cuts seen in 2008. The RBA has slashed rates from 7.25 per cent since September 2008.
The federal government will be releasing its federal budget next week which is expected to impact on future interest rate cuts and credit cards interest rates.
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