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AAP
AAP
Business
Poppy Johnston

Rates hold call cuts deep but bank governor offers hope

The Reserve Bank board wants to be sure inflation is under control before cutting rates further. (Aap Images/AAP PHOTOS)

Borrowers have missed out on another interest rate cut - for now - as the Reserve Bank of Australia waits for more proof inflation has been beaten.

But further repayment relief should be on the horizon, with Governor Michele Bullock confirming the unexpected decision to stay on hold at 3.85 per cent was about "timing rather than direction".

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