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Cash rate will not increase, despite growth in property prices

The Reserve Bank of Australia (RBA) remains firm to their cash rate promises during October’s monetary policy meeting with no plans on lifting the 0.1% rate until 2024. Whilst an increase in cash rate would lead to better housing affordability, it would also mean poor wage growth and fewer jobs, said RBA Governor Philip Lowe. […]

The Reserve Bank of Australia (RBA) remains firm to their cash rate promises during October’s monetary policy meeting with no plans on lifting the 0.1% rate until 2024. Whilst an increase in cash rate would lead to better housing affordability,...

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