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Flat line ? Interest rates hold steady for June

Staff Reporter 1 minute read

Benign inflation levels have kept interest rates at 6.25 per cent for the seventh month in a row, with this month's Reserve Bank announcement confirming economists' predictions for a stable rate environment for the coming months.

“There was no surprise ... we’re seeing inflationary pressures ease and we expect, and have for a while now, that interest rates will remain on hold for the rest of the year,” Commonwealth Bank economist Martin Arnold explained to The Australian.

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“The Reserve Bank will be keeping an eye on things like wage pressures, rents ... but we’re seeing labour supply increase so we’re not seeing excessive wages growth – so that hasn't been feeding into inflationary pressure,” he says.

Flat line ? Interest rates hold steady for June
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