RBA holds rates amid fears of negative growth

  • The Reserve Bank has kept its cash rate on hold in the lead-up to Christmas, playing down concerns over sliding business investment and a likely collapse in economic growth to keep the rate at 1.5 per cent.

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RBA governor Philip Lowe’s decision to hold rates steady is enough to keep standard variable home loan rates near 5 per cent and discounted home loan rates near 4.15 per cent. Photo: Ben Rushton

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