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March Interest Rate Decision

Tuesday, March 05, 2019

RBA Commentary for March 2019

The official cash rate remains at 1.5% as:
• The big four banks and other lenders increased standard variable rates by 0.12 to 0.20%;
• National housing prices have fallen by 3.6% over the quarter;
• Dwelling approvals have dropped; and
• Property investment continues to decline.

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