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Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it

  • Written by The Conversation

Each of Australia’s big four banks is now predicting a rate rise in six days’ time on Melbourne Cup Tuesday. It would add another A$77 to the monthly cost of servicing a $500,000 mortgage and be enough to take the total extra monthly impost since rates began climbing to more than $1,000.

Why on earth would they be expecting the Reserve...

Read more: Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it

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