"Interest Rate Alert: RBA Announcement"

Here's another interesting article for you to read. This one is sourced from Rates Direct.

"In their first meeting since December 2012, the Reserve Bank decided not to give homeowners further assistance by keeping the cash rate on hold, at least until their next meeting on the 5th March 2013. Despite inflation in December 2012 being half of what was anticipated, and little revival in non–mining sectors of the economy – conditions were not deemed to be dire enough to warrant a further cut in the cash rate.

According to the ABS, the December consumer price index rose by a mere 0.2% – a fraction of the 1.4% jump we saw in the September quarter – with inflation moving towards the lower end of the RBA's 2%–3% target range at 2.2%. Despite these findings – there is positive evidence suggesting that China's recent economic slump has bottomed out, the US has temporarily avoided their 'Fiscal Cliff' as well as data that the Australian government's carbon tax had less of an impact than first thought – may have caused the RBA to hold back on cutting rates for now."

The data that this article was based on was  sourced from the Australian Bureau of Statistics.