The Reserve Bank governor Philip Lowe says he’s confident the Australian economy will bounce back strongly from the extended eastern states lockdowns and insists interest rates will remain low for years to come.
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The Reserve Bank has kept the official cash rate on hold again this month, but it hasn’t stopped banks from slashing variable mortgage rates to try and lure customers.

The government says it expects that COVID vaccination rate milestone to be reached by September 23.

The end of the HomeBuilder government incentive scheme has seen a sharp drop in new dwelling approvals.

Melbourne’s terrific auction clearance rates have finally succumbed to the latest lockdowns and delta outbreak.