RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed
In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year
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The Reserve Bank of Australia has held the official cash rate at 4.35% but warned higher interest rates are “quite possible” even if house prices keep falling.
Tuesday’s decision to hold was predicted by economists and financial markets, after three rate rises this year hit property values across the capital cities.
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