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Forex Flash: Australia housing market revival suggest rates are supporting the sector – NAB

As latests data shows, house prices rose all across Australia: “There’s enough in signs of the housing market’s revival to suggest to the RBA that rates are beginning to support the sector,” analysts at the NAB say, adding: “These gains are another sign that mortgage lending rates are supporting the housing re-sale market and housing buyer confidence,” the bank notes.
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RBA holds rates at 3%; statement more neutral

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged at 3.0%, saying that moderate inflation still provides scope for easing, however downside risks appear to be reduced.
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