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RBA keeps rates on hold

August 20, 2018
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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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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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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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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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THE tide is turning on Australia’s once-strong jobs market, and it’s turning in NSW first. (Sydney Morning Herald — 8 August, 2008)
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Policymakers seemed to give less importance to the inflationary risks of keeping rates low than they had at their meeting on June 25. (New York Times — 6 August, 2008)
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