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RBA interest rates: Major banks' predictions ahead of today's RBA meeting
The Reserve Bank of Australia (RBA) is widely expected to hold the cash rate steady at 4.35 per cent when it announces its interest rate decision at 2:30pm today. Only one major bank is still holding out hope the central bank will cut rates by the end of the year. A hold will mean the cash rate will remain at 4.35 per cent for a full 12 months, with the board's next decision not coming until November 5 on Melbourne Cup day. This would mark the seventh consecutive hold. Australia’s unemployment rate remained steady at 4.2 per cent in August, dampening hopes for an interest rate cut in the short term. Today's ... (full story)
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