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RBA Cash rate announcement July 2016

Interest Rates - HOLD 1.75% The Reserve Bank has decided to keep official interest rates unchanged at the record low 1.75 per cent over July. The key drivers include: - Recent sharemarket volatility - Subdued commodity prices - Questionable financial and political stability in the UK - Political changes in Australia - Australian mortgage lenders policy changes and ‘self regulation’ tempering growth With rates at their all-time low, financial institutions are in the position to lend.

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