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RBA keeps interest rates on hold, leaving borrowers looking further ahead for relief

By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

As expected, the Reserve Bank of Australia (RBA) has kept the cash rate steady at 3.6%. Its board unanimously agreed it was better to “remain cautious” on interest rates.

While borrowers may have been hoping for rate relief, the decision came as little surprise to economists and markets, after stronger-than-expected inflation data – something the board’s…

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