Christmas rate cut off the cards as RBA punts on existing stimulus

Granny Flats, New Home Builds, Renovations Sydney

Shoppers won’t be getting a pre-Christmas interest rate reduction from the Reserve Bank of Australia, which signalled further stability as it holds out for recent income tax and rate cuts to boost the economy.

Despite ongoing concerns about household spending and the growing impact of the drought on consumers’ intentions, the RBA kept…[READ MORE]

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