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June 2013

RBA leaves cash rate on hold at 2.75%

4th June 2013 Source: The West Australian The cash rate remains unchanged at 2.75% following today’s RBA monetary policy board meeting. The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at record low of 2.75 per cent at its June board meeting, saying that rate cuts in the past 18 months are helping the economy. All but one of the 13 economists surveyed by AAP expected the RBA to hold its cash rate steady on June 4. The RBA last cut the cash rate by a quarter of a percentage point at its May meeting, after making …

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