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RBA Holds Cash Rate as Housing Pressures Continue to Rise
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RBA Holds Cash Rate as Housing Pressures Continue to Rise
THE Reserve Bank of Australia has again held the cash rate steady at 3.6 per cent this month, taking a cautious stance as households continue to navigate rising living costs, higher rents and a property market showing no signs of slowing. While the decision came as no surprise to economists, it reinforces a growing tension in the national economy: interest rates may be stable, but housing pressures remain anything but. The RBA notes inflation is…
·Ipswich, Australia
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