For a record 18 meetings, the central bank left cash rates on hold at 1.5 per cent for April,surpassing a previous record of 17 meetings in the mid-1990s.
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‘Not too fussed’: rate holds look likely until 2019
Cash-heavy clients in search of returns may need to broaden their horizons, as the Reserve Bank of Australia (RBA) looks unlikely to break the lower for longer environment until the first half of next year.
