WEEKEND ECONOMIST: Rate rise on hold

The RBA is unlikely to alter its cash rate as soon as markets expect, considering delicate housing and consumer sectors and weakness in the US.

As expected the RBA kept rates steady following the September Board meeting. The governor's statement was broadly similar to the August with the exception of a more bullish outlook for business investment. In August it was described as "increasing" whereas in September it is described as "could increase strongly".

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