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David Gately's Derby Day Preview
The Reserve Bank of Australia is expected to maintain the cash rate at 3.6%, as inflation rose 1.3% in the September quarter, limiting relief for mortgage holders.
Summary by Sydney Morning Herald
4 Articles
4 Articles
Hopes of Melbourne Cup Day rates cut remain a long shot
Economists are tipping the Reserve Bank of Australia to keep its hands firmly on the reins and resist a Melbourne Cup Day interest rate cut next week.Hopes the central bank would hand down some relief for mortgage holders were high until this week's inflation figures.The data from the Australian Bureau of Statistics showed the consumer price index rose 1.3 per cent in the September quarter, the largest quarterly increase since March 2023, whil…
·Australia
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Total News Sources4
Leaning Left2Leaning Right1Center0Last UpdatedBias Distribution67%  Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 33%
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