The Reserve Bank is in not hurry to raise interest rate repeating its outlook for a period of stability.In the minutes from a November meeting, the board cited considerable uncertainity over China's property market and the impact that might have on australia economy. It also says the australia dollar remains higher than it should be in the face of falling commodity prices.Interest rate has been in 2.5 percent for 14 months in a row. as speech by governor Glen Stevens  who probably hold a little more interest for markets tonight.

 

It was a week session in the australian share market,by the close,the All Ords index was down 14 points or a quarter of a percent.The Asx 200 index matching that fall.Among the biggest movers ,Pacifi Brands jumps five percent.Caltex and treasury wine are other strong gainers. Going in the opposite direction Uranian producer Paladin Energy dropped seven percent.Fortescue Metals slipped six per cent.And the australian dollar is up against the greenback buying 87.19 US cents.