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Official interest rates have been cut, but not everyone is a winner

Summary by The Conversation

Gumbariya/ShutterstockThe Reserve Bank’s decision to cut interest rates for the first time in four years has triggered a round of celebration. Mortgage holders are cheering the fact their monthly repayments are now slightly lower, while the Albanese government hopes the small easing in the cost of living will lift voters’ moods. This is despite the Reserve Bank’s warnings that further rate cuts may not eventuate, depending on how much further pr…

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The Conversation

Official interest rates have been cut, but not everyone is a winner

3 days ago

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Green Left Weekly

Why the Reserve Bank’s interest cut interest cut won't solve

The interest rate cut will bring some relief for borrowers, but it will not significantly ease the cost-of-living crisis. Peter Boyle argues for four measures that will.

3 days ago

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