The RBA kept the cash rate at 3.5% in September. The rate has been the same since June 2011 and the last time they were below this was in 2009. Reading the minutes from the 18 September 2012 RBA meeting, conditions are ripe for an interest rate cut as early as next month. The forecast Melbourne Cup Day rate cut may be brought forward to 2 October with the minutes showing that a weakening global outlook and a high Australian dollar may force the central bank to act sooner.
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