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RBA’s cash rate for June unchanged at 0.25%

The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%.

The Bank withstood calls for further reductions, with some commentators suggesting negative interest rates remain a future possibility.

Whilst the RBA will be mindful of concerns around the rising value of the Australian dollar and its impact on exports, reductions in property prices and uncertainty around employment post JobKeeper, it stuck by its view that a rate of .25% is an appropriate floor.

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