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No relief for homeowners as Reserve Bank leaves interest rates on hold

No relief for homeowners as Reserve Bank leaves interest rates on hold

Most observers had anticipated a cut to the cash rate today.
Reserve Bank Governor Michele Bullock said the decision to keep the rate on hold was about timing, not direction, and that interest rates will fall but the bank is taking a cautious approach.
7.30's political editor Jacob Greber was at the Reserve Bank for the announcement.
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