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Interest rates expected to remain on hold as RBA warned on inflation threat
video Mortgage holders can expect interest rates to remain on hold when the Reserve Bank of Australia finishes its inaugural two-day meeting later today. The bank began its meeting yesterday and a decision on the cash rate, which has been at 4.35 per cent since November, will be announced later today. Experts are predicting the RBA will keep rates steady, with an interest rate cut not likely until August Under another change aimed to raise transparency, Governor Michele Bullock will explain the decision at a media conference. Financial markets and analysts expect the RBA will decide not to change the cash rate, ... (full story)