No change in the cash rate

AUSTRALIA-SYDNEY-RBA-CASH RATE-INCREASE

The exterior of the Reserve Bank of Australia in Sydney Source: Getty / Xinhua News Agency

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The Reserve Bank has left the cash rate unchanged at 4.1 percent, saying inflation is showing signs of slowing down but not ruling out further rate hikes. But as the cost of living continues to bite, the Labor government is attempting to pass increases to welfare payments and a $10 billion housing fund.

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