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August rate cut unlikely
- August 3, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
No CommentsWhile weak inflation figures have given the Reserve Bank room to cut the cash rate again this month, industry stakeholders believe the Board will opt to keep its powder dry. In the 12 months to June, the inflation rate hit a 13-year low of 1.2 per cent – down from 1.6 per cent in the year