No Christmas gift for Australian borrowers as RBA leaves interest rates on hold

Reserve Bank leaves cash rate at 4.35% for ninth consecutive meeting

The Reserve Bank has denied Australian borrowers a pre-Christmas bonus, leaving interest rates on hold for a ninth consecutive meeting.

The RBA’s decision to leave the cash rate at its 13-year high of 4.35% level, announced on Tuesday, was widely expected by pundits and financial markets alike.

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