RBA Holds Rate at Record Low to Spur Jobs Amid Rebalancing

The Reserve Bank of Australia kept its key interest rate at a record low and repeated it expects a period of steady borrowing costs amid below-trend growth. The overnight cash rate target was held at 2.5 percent for a 12th month, Governor Glenn Stevens and his board announced in Sydney today in …

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RBA Holds Rate at Record Low to Spur Jobs Amid Rebalancing

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