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RESERVE BANK KEEPS RATES ON HOLD IN FEBRUARY

The Reserve Bank has kept the cash rate unchanged at 4.25%pa following its February 7 meeting. Wtih some banks making a point of now not aligning their rate movements to the Reserve Bank it will be interesting to see if any rate changes occur this month. However, in reality the likelihood of any rate cuts this month is low. Fixed rates are still quite attractive and if you have any questions about switching to a fixed rate give the office a call.

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