No Christmas boost for borrowers with rates on hold

The economy is neither naughty nor nice, with the Reserve Bank deciding to leave rates on hold. Picture: Dan Himbrechts/ AAP
Jacob Shteyman/ AAP

THE Reserve Bank of Australia has denied mortgage holders an early Christmas gift, leaving interest rates on hold at its final meeting of the year. In a widely-anticipated, unanimous decision on Tuesday, the central bank’s monetary policy board kept the cash rate steady at 3.6 per cent. The return of inflation in the second half […]

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