RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank
by Peter Hannam Economics correspondent from World news | The Guardian on (#6GX1A)
The Reserve Bank of Australia keeps its cash rate on hold at 4.35% in line with expectations from economists after inflation continued to slow
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Australia's borrowers have been spared a pre-Christmas interest rate rise with the Reserve Bank remaining on hold at its final board meeting of 2023.
The RBA left its cash rate at 4.35% on Tuesday, a move widely expected by financial markets and economists after the inflation rate resumed its slowdown in October to 4.9% and the jobless rate ticked higher.
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