Relief as Marcus keeps rates on hold

12 May 2011
The Reserve Bank left interest rates on hold on Thursday, in an effort to further stimulate the recovery from recession. The key repo rate was left unchanged at 5.5%, a move that was widely expected. However, analysts will look to Reserve Bank governor Gill Marcus' statement for clues on when interest rate hikes will start. While increases from a historic low are seen as inevitable, the market is divided over when the tightening will commence, with some analysts punting increases in the fourth quarter of this year and others early in 2012.

http://www.fin24.com/Economy/Relief-as-Marcus-keeps-rates-on-hold-20110512