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Australian Reserve Bank expected to lower interest rates, reversing July's decision to aid borrowers.
The Reserve Bank of Australia (RBA) is anticipated to reverse its July decision and offer interest rate relief, according to The Age and The Sydney Morning Herald's senior economics correspondent, Shane. The expectation is that the RBA will address what is seen as a "mistake" from July, likely lowering rates to aid borrowers struggling with high costs. This prediction is based on economic pressures and inflation concerns.
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