No Christmas gift for Australian borrowers as RBA leaves interest rates on hold
by Peter Hannam Economics correspondent from World news | The Guardian on (#6STKD)
Reserve Bank leaves cash rate at 4.35% for ninth consecutive meeting
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
The Reserve Bank has denied Australian borrowers a pre-Christmas bonus, leaving interest rates on hold for a ninth consecutive meeting.
The RBA's decision to leave the cash rate at its 13-year high of 4.35% level, announced on Tuesday, was widely expected by pundits and financial markets alike.
Continue reading...