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Breaking news – December interest rate announcement

The Reserve Bank of Australia has delivered its final cash rate announcement for the year with the decision to leave the rate unchanged at 0.75%.

In making the decision the RBA appears to be assessing the impact on the broader economy of the three previous cash rate reductions together with recent tax cuts, government spending on infrastructure and signs of improvement in the resources sector.

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Breaking News – October interest rate update

The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5% for the 26th consecutive time. It’s now almost eight years since the last increase.

In making this decision the RBA looks to have balanced low unemployment, strong trade figures and increasing business and public sector infrastructure investment against continued low inflation, falling house prices and slow wages growth.

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Vicky McLoughlin No Comments

Breaking News – September interest rate update

The Reserve Bank of Australia made the decision today to leave the cash rate unchanged at 1.5%.

In making this decision the RBA looks to have taken into account the lack of economic growth in Australia, evidenced by the continuing fall in house prices, a rise in mortgage arrears and a drop in the number of dwelling approvals in July.

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