RBA keeps the monetary policy unchanged

Source: SBS
© Scanpix/FP
As a result of the meeting on Tuesday, the Reserve Bank of Australia decided to keep the monetary policy in the country unchanged, as the benchmark interest rate was kept at the record low level of 2.5%. In November 2010, the rate was as high as 4.75%. Moreover, the RBA officials told analysts that there will be no more interest cuts in the nearest future.
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