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Interest rates held at 4.35%; double murder trial; giant pine tree collapses
Published 1 week, 3 days ago
Description
The Reserve Bank of Australia has kept the official cash rate on hold at 4.35% after three consecutive increases, providing temporary relief to South Australian borrowers. However, RBA Governor Michele Bullock warns that inflation remains too high and further rate rises have not been ruled out, with banks divided on predictions for future movements. The government is also considering whether to extend the fuel excise cut beyond June 30.
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