Reserve Bank of Australia tipped to hold interest rates on Tuesday amid carnage on American markets

by Pelican Press
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Reserve Bank of Australia tipped to hold interest rates on Tuesday amid carnage on American markets

Higher jobless numbers have sent American investors into a panic but local economists expect the Reserve Bank is likely to leave rates unchanged on Tuesday.

Soft jobs data on Friday showing US unemployment up 0.2 points to 4.3 per cent in July sent investors in the world’s biggest economy into a spin.



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