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Reserve Bank of Australia pauses the interest rate hike for the first time in ten months
After ten consecutive months of interest rate rises, the Reserve Bank of Australia has left the cash rate unchanged for the first time since May last year, Source: AAP
Reserve Bank of Australia kept the interest rate unchanged in their latest monthly meeting. The federal government welcomed this decision. RBA Governor Phillip Lowe said the full impact of the earlier ten raises is yet to be felt on the monetary policy. Meanwhile, shadow treasurer Angus Taylor has raised concerns over the mortgages turning variable from fixed in the near future. What do the experts say? Listen on to know more.
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