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Topic: interest rate
Reserve Bank Governor Philip Lowe (Image: AAP/Dan Himbrechts)

The RBA has no idea what’s going on

The Reserve Bank doesn't know why the economy is slowing, but it does know that the government's policies aren't helping.

Police responding to the shooting in Darwin's CBD (Image: AAP/Michael Franchi)

Four dead in Darwin shooting

Good morning, early birds. Four people have been killed in a shooting in Darwin's CBD, and media bodies condemn the police raid of editor Annika Smethurst's home. It's the news you need to know, with Rachel Withers.

(Image: AAP/Deam Lewins)

Inflation confirms growing case for interest rate cut

Stubbornly low inflation means an interest rate cut is now a real chance in 2019.

The RBA kept the official interest rate on hold this afternoon at 4.75%, with governor Glenn Stevens saying mortgage lending rates are now just above average given the banks' decisions to raise interest rates above the cash rate, writes <em>Smart Company's</em> <b>Patrick Stafford</b>.

RBA keeps rates on hold at 4.75%

The RBA kept the official interest rate on hold this afternoon at 4.75%, with governor Glenn Stevens saying mortgage lending rates are now just above average given the banks' decisions to raise interest rates above the cash rate, writes Smart Company's Patrick Stafford.