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Sunday, October 24, 2021

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.

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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.

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The Indian Telegraph Sydney Australia

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