Decision will come as shock to financial markets and large majority of experts who were sure RBA board would cut for a second straight meeting

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A divided Reserve Bank of Australia has held rates at 3.85%, in a surprise decision that denies further mortgage relief for millions of households.

The split decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting.

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Continue reading…Reserve Bank of Australia, Australian economy, Inflation, Interest rates, Banking, Australia news, BusinessRead More

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