2 Oct 2011

No rate change by RBA expected

12:09 pm on 2 October 2011

The board of the Reserve Bank of Australia meets on Tuesday, but no rate change is expected.

The official cash rate is 4.75%, after being raised from 4.5% on 2 November, 2010.

The RBA said in September that the board judged that it was prudent to maintain the current stance of monetary policy.