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Rates remain unchanged at December RBA meeting

By the resi financial blog team, 02 December 2014

Rates remain unchanged at December RBA meeting

The Reserve Bank of Australia left rates unchanged at 2.5 per cent at its December board meeting. This is the 15th straight meeting rates have been left on hold. 

RBA governor Glenn Stevens said inflation was running between 2 and 3 per cent, with recent data confirming subdued rises in labour costs. 

“Although some forward indicators of employment have been firming this year, the unemployment rate has edged higher,” he said. “The labour market has a degree of spare capacity and it will probably be some time yet before unemployment de ...

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