The RBA held the cash rate at the historic low of 0.75% today, as Australians lose confidence in their household finances and the nation's economic outlook.
A strong rebound in Sydney and Melbourne housing values wasn't enough to stave off a rate cut today, with the RBA slashing interest rates to a new record low.
The RBA held interest rates at its September meeting today, and the resurgence in Sydney and Melbourne housing values was likely a key topic of conversation.
The RBA's decision to hold the cash rate at a record low of 1% was widely expected, after the rate was slashed by a total of 50 basis points in two months.
The RBA has slashed interest rates in the first cash rate move in almost three years. The move was widely expected, and no doubt the focus will now turn to mortgage rates; how low will they go?
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