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Favourite wins RBA Cup Day meeting

8 November 2017

The Reserve Bank of Australia has backed the favourite at its November board meeting keeping interest rates on hold at 1.50 per cent. 

REINSW President John Cunningham said the streak of interest rate decisions, which has seen the cash rate remain at the record low of 1.5 per cent, has been extended again.

“The Reserve Bank of Australia last made an interest rate move in August 2016 and on current form this will continue well into 2018.

“We are on the home stretch for 2017 and are backing that the RBA will keep a firm hand on the reins next month,” Mr Cunningham said. 

The RBA will next meet on Tuesday, 5 December 2017.