RBA’s Stevens poker-faced on New Rate Cuts

Australia’s central bank said it was appropriate to leave interest rates steady this month while it assessed the impact of past easing on the economy.

In minutes of its June 2 meeting, where the Reserve Bank of Australia (RBA) kept the cash rate unchanged at a record low 2.0 percent, the central bank reiterated its view that monetary policy should be accommodative.

“Having eased policy at the previous meeting, members judged that it was appropriate to leave the cash rate unchanged and to assess information on economic and financial conditions as it become available,” the central bank said, using almost identical wording in its post-meeting statement.