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‘Straightforward’: RBA tipped to keep interest rates on ice in March
Australians will be saved from another increase in interest rates in March, economists predict, with easing inflation and slowing growth pushing the RBA towards another pause. Central bankers will begin a two-day rate meeting today before a decision on Tuesday that’s tipped to see the cash rate stay at 4.35 per cent – where it has been for five months. It will spare millions of home owners a further mortgage bill squeeze amid near-record levels of mortgage stress risk and increasing rates of overdue repayments in recent months. Economists say interest rates are unlikely to increase further, with the next move set ... (full story)