SA: Business SA welcomes no move on interest rates

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SA: Business SA welcomes no move on interest rates

The South Australian business community has welcomed today's decision by the ReserveBank not to lift official interest rates.

Business SA chief executive PETER VAUGHAN says the decision to maintain rates at 4.75per cent is a relief and the smart move in the light of recent developments in the globalmarketplace.

Mr VAUGHAN says being an export state, South Australia is very vulnerable to changesin the global economy.

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KEYWORD: RATES SA (ADELAIDE)