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Rates on hold for now, will next move be up?

Rates on hold for now - will next move be up?

At its first meeting of the year, the Reserve Bank board has kept the cash rate on hold at 2.5 percent, amid growing expectations that a rate hike is looming.

Australia’s leading financial comparison website, RateCity (www.ratecity.com.au), shows that variable rates have started to climb in recent months, independently of the central bank.  

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