Australian Property News
Interest rates kept on hold
Posted on Tuesday, July 03 2012 at 3:15 PM
The official cash rate remains unchanged at 3.5 per cent following today’s meeting of the Reserve Bank of Australia (RBA).
Following reductions in May and June of 50 and 25 basis points respectively, the RBA has decided to hold steady.
Economists and property industry commentators largely anticipated today’s result. However many have tipped further cuts later in the year if economic conditions in Europe don’t improve or deteriorate.
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