Business
RBA makes final interest rate decision of 2020 – Yahoo Finance Australia
Governor Philip Lowe has decided to keep the official cash rate on hold.
RBA makes final 2020 interest rate decision. Source: Getty
The Reserve Bank of Australia has held the official cash rate at a record low of 0.1 per cent, after slashing it in November, as it waits for the effects of the previous cut to kick into gear.
The move was widely predicted by industry experts, with 40 of 40 pundits surveyed by Finder.com.au predicting a hold for December.
Given that the cash rate is already at 0.1 per cent and the RBA does not want to take it negative, the next move is likely…
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