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Builders, retailers dark on rates decision

The building and construction industry and retailers have expressed disappointment with the Reserve Bank of Australia’s decision to keep interest rates on hold today, saying the nation’s central bank missed an opportunity to bolster business and household confidence.

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Perth
It was becoming clear that the Aussie Banks were not intending on passing the rate cut onto home owners. The manufacturing industry and exporters rather than retailers and home owners have been the big losers out of the rate decision.

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