Australia’s central bank held interest rates steady for a 10th straight policy meeting on Tuesday, citing evidence of continued growth at home despite an unhelpful rise in the local dollar.
Bucking the worldwide charge toward negative rates, the Reserve Bank of Australia (RBA) kept its cash rate at 2 percent in a widely expected decision.
Again the door was left open to an easing should developments in inflation, unemployment or the global economy warrant it, but there was little sign a move might be imminent.
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