The Reserve Bank has left interest rates on hold at a 12-year high after inflation fell by more than expected towards the end of 2023. It means the cash rate remains at 4.35 per cent. Subscribe: ab.co/1svxLVE
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Most economists are predicting a rate cut this year. But the RBA says that's far from certain, and even indicated another rate hike is possible. Westpac chief economist Luci Ellis, a former RBA assistant governor, says she's not expecting a recession - even if there's another rate hike.
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