RBA holds cash rate at 3.50%

Mixed messages and thoughts from Aussie economists today as RBA leaves the rates the same. Without a crystal ball, who knows? I know that house prices persist at high multiples, and commercial business is mixed between dying and booming depending on what sector it is pegged to.

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At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Full statement available from RBA Website.