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Reserve Bank holds rates steady, cautious about the economic outlook

By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

The Reserve Bank of Australia left its benchmark interest rate unchanged at 4.1% today, stressing the uncertainty in the economic outlook.

As the Reserve Bank Governor Michele Bullock told a media conference, “since February there has been a lot more uncertainty introduced in the international context”.

The on-hold decision was widely expected…

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