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The CEO of one of Australia’s largest mortgage brokerages has said that, while the RBA has left the cash rate on hold for more than a year, given the current economic winds blowing across the country, the next move is likely to be a rise.
Mortgage Choice chief executive officer John Flavell said that it made sense for the RBA to leave the cash rate untouched until now, “given the level of economic uncertainty”, but that the situation is now beginning to improve.
“Indeed, over the last few months, we have seen significant improvements in both the domestic and global markets,” the CEO said.
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