RBA Holds Key Rate at 3%, Reiterates Scope to Ease Further

Australia’s central bank kept its benchmark interest rate unchanged at a half-century low and reiterated it has room to cut further if needed to boost demand. Governor Glenn Stevens and his board left the overnight cash-rate target at 3 percent, the Reserve Bank of Australia said in a statement t…

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RBA Holds Key Rate at 3%, Reiterates Scope to Ease Further

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