Holding pattern for Asian interest rates

San Jose News.Net
Tuesday 7th September, 2010

The Australian central bank has left interest rates on hold at 4.5%.

The Reserve Bank of Australia said the rate had been settled on after the board determined that the world economic outlook remained uncertain and inflation was close to target.

It is the fourth month in a row that the RBA has left rates at this level.

Australia’s economy has been growing for 19 years but is expected to slow down next year.

On the same day, Japan’s central bank voted to keep its key lending rate at 0.1%, where it has been for almost two years.

Japan’s economy is struggling with the strong yen stifling exports.

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