RBA pleased with interest rate setting

Source: Bloomberg
© Scanpix/AFP
Reserve Bank of Australia Governor Glenn Stevens expressed his satisfaction with the present monetary policy regulation and is prepared to take more actions if needed. The Aussie jumped 5.2% this year reaching almost eight-month high earlier in July. The RBA stressed once again this month it surmises a period of no changes in the interest rates while the government is cutting spending.

 

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