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Tweet The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest rate cut in as [&hellip
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Tweet Economists are divided on whether borrowers will get a second interest rate cut in as many months on Tuesday. Seven of the 14 economists surveyed by AAP say the RBA will cut the cash rate to 4.25 per cent from 4.5 per cent on December 6. On Melbourne Cup day, the Reserve Bank of [&hellip
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Tweet Don’t for a second believe that the Reserve Bank automatically will keep interest rates on hold next Tuesday. Trigger-happy screen jockeys yesterday may have raced to their terminals to sell the dollar and push money markets around after the release of lower-than-expected inflation figures. Unfortunately, they overlooked one crucial element. Those figures released by [&hellip
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Tweet The housing industry has lashed out at the Reserve Bank’s rate rise today, claiming it will discourage the construction needed to relieve the nation’s housing affordability crisis. One developer went further, claiming future rate hikes threatened to trigger a collapse of Melbourne’s housing market. The RBA lifted interest rates to 4.5 per cent from [&hellip
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Tweet Australian mortgage holders are a third time unlucky this year, after the Reserve Bank board today lifted interest rates by 0.25 per cent. It is the third rate rise in as many months. Mortgage holders will be disappointed with the increase. After being told by the Reserve Bank Governor, Glenn Stevens, that rates were [&hellip