RBA: Official cash rate left unchanged at 2% at November meeting


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The Reserve Bank of Australia on Tuesday held the cash rate at 2 per cent for the sixth month in a row, but left the door wide open to another cut if growth and inflation fail to pick up.

The Australian dollar eased slightly on the decision.

Tuesday’s decision was widely expected, despite a surprisingly soft third-quarter inflation reading last week and credit tightening by Australia’s four main lenders, who have been making investor mortgages more expensive.

Online Source

The Indian Telegraph Sydney Australia

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