RBA leaves cash rate unchanged at 2.25%

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The RBA, in its monthly monetary policy meeting decided to leave interest rates unchanged at 2.25%. A move that was a very close call, with the markets clearly divided on the outcome as technically, the Australian Dollar was heavily oversold in the previous week in expectations of a rate cut. However, as mentioned in our RBA monetary policy preview, the economic data did not warrant any rate cut a...

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