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ABC News
ABC News
Business
business reporter Michael Janda

RBA leaves interest rates on hold as it waits to see impact of previous increases

Recent home buyers are particularly at risk from the past year's surge in interest rates. (ABC News: John Gunn)

The Reserve Bank has given mortgage borrowers a reprieve, at least temporarily, by leaving interest rates on hold at Tuesday's board meeting.

After 10 consecutive rate rises, the RBA opted to wait and see how the economic data plays out, amid early signs that the increase in rates so far is starting to weigh on consumer spending and lower inflation.

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