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Isaac Gross, Lecturer in Economics, Monash University

Official interest rates have been cut, but not everyone is a winner

Interest Rates Reserve Bank the Reserve Bank Australian Dollar
Gumbariya/Shutterstock

The Reserve Bank’s decision to cut interest rates for the first time in four years has triggered a round of celebration.

Mortgage holders are cheering the fact their monthly repayments are now slightly lower, while the Albanese government hopes the small easing in the cost of living will lift voters’ moods.

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