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Rate cut doubt as jobs grow

August 19, 2018
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Australia added more jobs than expected in July even as economicgrowth slowed, raising doubts the RBA will cut official interestrates next month. – Brisbane Times (The Brisbane Times — 7 August, 2008)
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Home-loan approvals fell more than expected in June as decade-high interest rates scared buyers out of the real estate market. (Sydney Morning Herald — 6 August, 2008)
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Interest rates remain at a 12-year high of 7.25% following the Reserve Bank’s decision to hold the cash rate steady at its August meeting today. (Sydney Morning Herald — 5 August, 2008)
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RELIEF for struggling mortgage holders is on its way, with marketsnow 100 per cent certain that the Reserve Bank will begin cuttinginterest rates next month. (Sydney Morning Herald — 6 August, 2008)
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Demand for mortgages has shrunk to the lowest level in four yearsas 12-year high interest rates continue to disrupt dreams of homeownership, says the ABS. – Brisbane Times (The Brisbane Times — 6 August, 2008)
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