The Reserve Bank of Australia has announced today its minutes of the Bank's meeting that held in February, where the Bank decided to fix rates at 4.75%, and the Bank's board indicated that a decline in consumer spending helped to curb inflation risks, supporting the bank to keep rates at their level to the end of 2011.

Higher demand for resources helped to compensate the decline in consumers spending as well as helping to balance inflation pressures, also increasing resources demand is working to push mining sector forward, supporting unemployment rates to decline, because of the mining companies demand to add more workers.