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AUSTRALIAN CENTRAL BANK UNLIKELY TO RAISE RATES: BANKSA.

AsiaPulse News

| February 01, 2005 | COPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ADELAIDE, Feb 1 Asia Pulse - The Reserve Bank of Australia (RBA), the nation's central bank, was not likely to change interest rates when it meets today, BankSA said.

BankSA general manager Chris Ward said a combination of softening housing data and uncertain global economies would keep interest rates unchanged, despite some signs of rising inflation.

"The Consumer Price Index for the December 2004 quarter was higher than initial market expectations," Mr Ward said.

"This would usually increase the likelihood of a rise in official interest rates, however annual inflation currently remains within the RBA's two to three per cent band.

"In ...

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