RBA board keeps official interest rate at record low while signalling that believes the east coast housing markets may be starting to ease

The Reserve Bank has held its benchmark interest rate at 1.5% while signalling that it believes east coast housing markets may be starting to ease.

The RBA held the cash rate steady for a 10th consecutive month at 1.5% at its June board meeting on Tuesday, with Governor Philip Lowe noting concerns about weak wages growth and mentioning variations around the country in the housing market.

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