At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.

Information becoming available since the December meeting confirms that economic conditions in Europe were weakening late last year, with risks still skewed to the downside. Reflecting this, most forecasters have lowered their forecasts for world GDP growth this year to a below trend pace. That said, recent data from the United States suggest a continuing moderate expansion after a soft patch in ...

• Reserve bank has decided to hold interest rates as they believe GFC is now past and the Australian Economy is on an average level.However, not for construction, manufacturing and retail - mining is holding up the fort!
• Unemployment rate is increasing (4.8% - 5.2% and estimated to go to 5.3%)
• Consumer sentiment not great
• A$1.08 - Bill Evans forecasts parity in next 6 months

Conclusion, Bill thinks that there will be another cut in interest rates in ...