The Sydney Morning Herald --- Page: 21 : 7 May 2008 Original article by Jessica Irvine
LexisNexis Summary
The Reserve Bank of Australia (RBA) announced on 6 May 2008 that it would leave official interest rates unchanged at 7.25% for the time being. However, RBA governor Glenn Stevens at the same time cautioned that inflation continues to be a major threat, and that if further rate increases down the track are to be avoided, consumption must slow. The current high rate of inflation at 4.2% in annual terms could be maintained if there is a wages break-out, with the latest data on salaries due to be published on 14 May.
