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Aussie Drops as RBA Indicates a Halt to Rate Hikes

posted by Avatar fx360 725 days ago in AUD, Daily made popular 725 days ago

As expected the RBA left it benchmark rates unchanged at 4.50%. This was only the second time in the past nine months that the Australian monetary authorities did not tighten having taken rates higher by 150bp during that time frame.
In his post announcement statement, Glenn Stevens the RBA Governor noted that, “In Australia, with the high level
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