Rates remain on hold but case for cut grows
Oct
29

Rates remain on hold but case for cut grows

Key Points

· Official rates on hold again over October
· Still a chance of rate cut this year

The Reserve Bank has again decided to leave official interest rates at the record low of 2.0 percent over October.

Rates have now been on hold for five consecutive months but the prospect remains for another cut - perhaps as early as next month.

Sourced: Dr Andrew Wilson - Domain Group’s Senior Economist

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