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As predicted, the Reserve Bank has cut interest rates by 0.25 percent, kicking off what is expected to be a prolonged period of rate cuts.
Join Nine Network finance editor Ross Greenwood as he analyses today's Reserve Bank of Australia rate cut.
The Reserve Bank has cut interest rates by 25 basis points as expected, but housing affordability remains at record highs.
In recent days the major commercial banks have refused to confirm that they will pass any official cuts in interest rates by the Reserve Bank.
Its official: house prices are going down. Two reports in the last week have confirmed what many feared.
The Reserve Bank of Australia (RBA) left interest rates on hold today at 7.25 percent, but inflation is a major concern for the central bank and a rate rise next month remains possible, analysts said.
More than 400 people have been arrested in the US over mortgage fraud resulting from the subprime crisis, the FBI announced overnight.
The Reserve Bank of Australia (RBA) left rates on hold after today's board meeting, but homeowners have been warned to brace for higher rates in the coming months.
Nurses, teachers, police officers and other key workers are being forced to live away from the communities they serve as the housing affordability crisis intensifies.
Interest rates are set to rise twice this year, with inflation also expected to rise sharply in the coming months, according to economists.