Interest rates on hold

UNSURPRISINGLY, the Reserve Bank of Australia again decided to leave the official cash rate on hold at two per cent on Tuesday, March 1.

It is the ninth consecutive meeting the board has opted to leave the cash rate untouched.

Mortgage Choice CEO John Flavell said strong economic data, including stable employment and a bounce back in consumer sentiment, provided the Reserve Bank of Australia with no reason to change the official cash rate.

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