At its meeting today, the Board decided to
LEAVE THE CASH RATE UNCHANGED AT 1.50%
The Governor of the RBA, Dr Philip Lowe’s statement is available in full CLICK HERE
Amongst all the excitement of Melbourne Cup Day and the ‘race that stops a nation’, the Reserve Bank has decided to hold rates steady for November.
Most finance pundits were gambling on a rates hold this month and with no further weakening in inflation and the ongoing focus on housing prices the RBA decision was a safe bet.
We hope that you backed a winner today as well!!!
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Until next time….