Australian CB keeps rates unchanged

Source: The Sydney Morning Herald
© Scanpix/FP
On Tuesday, the Reserve Bank of Australia decided to keep the monetary policy course unchanged. The benchmark cash rate has been held at the previous level of 2.5%. Therefore, the RBA is now maintaing the main interest rate for ten meetings in a row. According to the RBA officials, the current economic growth and inflation in Australia perfectly fit the policy course of the CB.
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