Home Loan Interest Rates stay at 4.75%

Retailers are relieved as RBA decides to keep interest rates steady for yet another month.

For the fourth month in a row, home owners will enjoy another month of steady interest rates. Despite the mining industry kicking the economy along, low retail figures have subdued inflation to a "comfortable level" in the RBA's eyes.

Dr Chris Caton, Chief Economist of BT Financial Group, expects the next rate rise closer to the middle of the year.

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