RBA Keeps Interest Rate Steady Before Christmas

  • Dec 03, 2019 AEDT
  • Team Kalkine

In their last meeting for the year, the Reserve Bank of Australia (RBA) decided to keep the official cash rate steady at 0.75 per cent. The Bank is waiting to see if the economy closes out 2019 on a high note. The Central Bank believes that the global economy remains reasonable in the near future, as risks, though existent, have lessened recently.

The decision was not unexpected by market experts, considering the unexpectedly strong housing market rebound in the recent months.

 

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