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June Interest Rate Decision

Tuesday, June 04, 2019

June Interest Rate Decision - Finally the drop in interest rates we have been expecting has happened!

The official cash rate dropped by 0,.25% to 1.25% as:

  • Consumer price inflation hovers around 1.2%;
  • The Australian dollar fell to 69.12 US cents;
  • Unemployment increased to 5.2%;
  • Housing price declines stabilise; and
  • Home lending continues to cool.

 

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