No change to interest rates

The Reserve Bank has decided to leave interest rates on hold. This represents the seventh month where there has been no change in interest rates.

A better than anticipated consumer confidence report combined with an easing in property prices contributed to the Reserve Boards decision.

Data prepared by CoreLogic RP Data shows that the housing market continues to see an easing in the rate of capital growth, with new research showing dwelling values actually fell in five of the eight capital cities in the month of November, taking the combined capitals index 1.5% lower.

Posted in: Interest rates

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