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Reserve Bank keeps rates on hold at 0.25pc ahead of Federal Budget stimulus – ABC News
Reserve Bank officials have kept Australia’s official interest rate at record lows just hours before the Treasurer is due to unveil his long-awaited Federal Bud…
The Reserve Bank has kept its official interest rate at record lows as the Australian economy continues its slow recovery from the COVID-19 recession.
Key points:
- The Australian dollar jumped to 72.08 US cents after the decision
- Economists are predicting the RBA will cut rates to 0.1pc by the end of 2020
- The RBA has kept rates on hold for seven months in a row
As expected, the RBA decided to maintain its cash rate target at 0.25 per cent, just hours before th…
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