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Reserve Bank of Australia
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The RBA has held steady, but banks are moving independently on interest rates. Photo: Shutterstock

RBA holds steady, banks moving independently on interest rates

Official interest rates remain on hold at record lows, but banks are starting to move independently of the Reserve Bank of Australia by slashing savings account rates as a turning point for housing finance looms at the end of the month.

RBA governor Philip Lowe had no surprises in keeping the offic…

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