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Monthly Archives: August 2012

Interest Rates Remain on Hold

August 7, 2012 in Latest News, Rate Cuts, Rate Rises

The Reserve Bank of Australia has confirmed that the Official Cash Rate will remain at 3.50% throughout August 2012.

This decision was anticipated by Senior Economists who believe the RBA is acting cautiously, however, further reductions in Interest Rates are predicted prior to the end of 2012.