Mortgage holders have avoided another rate rise with the RBA opting to keep rates steady for the fourth consecutive meeting
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Borrowers have been spared a 14th interest rate rise and further increases are not certain as the Reserve Bank of Australia avoids a “tightening bias” even as inflation retreated slower than previously expected.
The RBA left its cash rate on hold at 4.35% for a fourth consecutive meeting on Tuesday in a result that was widely expected. Only one economist, Capital Economics, predicted the central bank would lift the cash rate.
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