Australian Federal Reserve on Tuesday (May 3) maintain indexes interest rates 4.75% unchanged, this is a continuous period of 6 months to maintain interest rates at a 4.75% level.
Australia fed says global economy continued to expand, financial conditions are still loose, if economic growth in line with expectations, long-term inflation is expected to increase.
the Federal Reserve and that, should carefully assess the prospects for economic growth and inflation, inflation close to the target level of inflation in the coming year.
the Federal Reserve also said the current level trading conditions in Australia than expected a few months ago, seems in line with or above the medium-term economic growth trends.
Australia fed said employment growth moderate in recent months, corporate credit has growth trends, corporate credit has growth trend. The Federal Reserve is expected, will further increase in employment.
Australia fed says AUD export industry will be dragged down further, but the Australian currency would help curb inflation. Australian dollar real effective exchange rates at the highest level in decades.
Australia fed noted that natural disasters may cause a decline in GDP in the first quarter. Rising commodities prices, banking and sovereign debt problems in Europe remain uncertain, Japan earthquake have a significant impact on its output.
