Friday, March 2, 2012

Fed: RBA meets today on interest rates

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Fed: RBA meets today on interest rates

Interest rates are expected to remain the same after the Reserve Bank of Australiaboard meets today.

The board's decision will be announced tomorrow morning.

Recently there's been further evidence that the domestic economy is picking up speed.

Newspaper job advertisements rose 1.4 per cent in July, while vacancies advertisedon the internet rose 12.8 per cent, indicating employment should start to grow again soon.

And a poll of business executives has found the emerging global economic recovery anda booming domestic economy have helped inflate business expectations to their highestlevel since the middle of 2000.

AAP RTV so/rca/jmt

KEYWORD: ECONOMY (CANBERRA)

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