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Interest rates stay on hold

The Reserve Bank has kept its cash interest rate unchanged at its last board meeting of the year.

The rate remains at a record-low of 0.75 per cent.

In its statement, the RBA says previous rate cuts are starting to stimulate wages and the jobs market.

The board will meet again in February.

Nine News Finance Expert Ross Greenwood spoke with Oliver Peterson.

Download this podcast here

Oliver Peterson
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