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AUSTRALIAN CENTRAL BANK MEETS TODAY OVER INTEREST RATES.
CANBERRA, Nov 1 Asia Pulse - Homeowners are hoping members of the Reserve Bank board have their mind on the Melbourne Cup and not an interest rate rise when they meet today.
The bank will reveal tomorrow whether rates will stay on hold at 5.5 per cent for another month.
New figures appeared to put to bed any chance of an interest rate rise this year, showing a continuing sluggish housing sector and consumers reining in debt.
The Reserve Bank said credit fell to 0.8 per cent in September, for an annual rate of 13.3 per cent.
But it is the change in borrowing that has analysts happy, with business ...
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Source: HighBeam Research, AUSTRALIAN CENTRAL BANK MEETS TODAY OVER INTEREST RATES.