'RBA Leaves the Rates on Hold'

‘RBA Leaves the Rates on Hold’

This is the first time in seven years that the RBA has not adjusted rates in November.  There was an increase in September (third quarter) inflation. Retail sales are up. This is the second consecutive month of rising residential approvals. RBA Governor Glenn Stevens explained that ‘risks elsewhere seemed more balanced’ due to the situation in Europe.
These were enough factors for the RBA Board to leave things steady. Now, we wait and see. Will the flow on effect still finds its way through from the last rate cut, in October?   No doubt, the market is seeing a lot more activity from buyers and sellers, alike.