- The Reserve Bank has kept its cash rate on hold in the lead-up to Christmas, playing down concerns over sliding business investment and a likely collapse in economic growth to keep the rate at 1.5 per cent.
READ MORE VIA THE AGE
RBA governor Philip Lowe’s decision to hold rates steady is enough to keep standard variable home loan rates near 5 per cent and discounted home loan rates near 4.15 per cent. Photo: Ben Rushton