Interest rates announcement

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Interest Rates Announcement
By Dr Andrew Wilson|April 05, 2016
Official interest rates steady


Official interest rates will remain on hold at 2 per cent over April, remaining unchanged for the eleventh consecutive month. A cut by the Reserve Bank in the near future remains a possibility with continuing mixed economic signals and a significantly higher Australian Dollar.


Although bank lending conditions have tightened, low mortgage rates continue to support robust activity in most housing markets.


RBA leaves rates on hold
Mixed signals continue for the economy
Still a chance for future rate cuts
Housing markets steady
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