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AAP
AAP
Business
Zac de Silva and Andrew Brown

Blow for borrowers as Reserve Bank curbs rate-cut hopes

The Reserve Bank has released the minutes from its September meeting on the cash rate. (Aap Image/AAP PHOTOS)

The Reserve Bank is in no rush to cut interest rates again, the minutes from its last meeting reveal, as it waits for more economic data to guide its next steps.

The central bank is worried inflation may be stronger than expected, driven partly by price growth in the services economy, which includes sectors such as healthcare, finance and hospitality.

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