April has once again seen the Reserve Bank of Australia (RBA) keep the official cash rate on hold at 1.5%.
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The cash rate stays on hold in time for Christmas.
Once again, the RBA has held the cash rate at 1.5 per cent today as the economy continues to grow moderately, the inflation rate sits in its target range and unemployment remains steady.
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The Reserve Bank continued to hold the cash rate at 1.5 per cent at its July meeting today, as the inflation and unemployment rates remain low, counter-balanced by continued growth in the Eastern Seaboard housing market.
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It’s good news for home owners, home-seekers and renters alike with the Reserve Bank (RBA) announcing it would keep the cash rate on hold at a low of 1.5%.