In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this year
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The Reserve Bank has held the official cash rate at 4.35% but threatened to hike again if needed, as it warned falling house prices will slow income growth.
The widely expected decision comes after a steep decline in property values in Sydney and Melbourne arrived in Brisbane, Perth and Adelaide following three rate hikes earlier this year.
Continue reading...<small>Source: The Guardian — read the original story there.</small>
