Punters on the money with interest rate announcement
The Melbourne Cup might always be unpredictable but industry punters were right about interest rates staying unchanged at 2.5 per cent.
Held on the first Tuesday of every month, the Reserve Bank of Australia (RBA) met on Melbourne Cup Day and once again decided to hold interest rates steady at 2.5 per cent.
Some industry speculators are talking about another 12 months of unchanged interest rates and economists are in agreement that rates will remain stable for the foreseeable future.
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