RBA holds at November meeting, next rate move disputed

01 November 2016

 

Although some economists thought November’s RBA meeting was “live”, most pundits gave little weight to such an outcome. Just as well, because the RBA announced this week it had chosen to keep the cash rate at 1.50%. Reactions in bond and currency markets were subdued but both hinted of an expectation by participants of higher rates in the future. The AUD rose 0.4 US cents on the day and the...

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