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The Latest Breaking News from the Reserve Bank

AAP Rolling News Bulletin June 14, 1700

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FED:Relief likely as Reserve Bank tipped to hold cash rate

The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.

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Relief likely as Reserve Bank tipped to hold cash rate

The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.

AAP

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement.

The Economic Times

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FED:Shares lift as rate-sensitive stocks continue higher

The local mining sector continues to retreat from recent gains, but retail stocks, banks, real estate trusts and utilities have fuelled a bounce on the ASX.

The Guardian - AU

KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know

Consulting firm’s Australian arm shared secret client information internally in order to win lucrative audit contracts, a whistleblower has alleged

AAP

FED:Australian shares trim losses as NAB predicts rate cut

The ASX has recovered some of its early dip after major bank economists predicted a change of direction for the Reserve Bank, but risk appetite remains subdued.

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