RBA Holds Rates at Record Low to Spur Hiring in Slowing Economy

The Reserve Bank of Australia kept its key interest rate at a record low to support growth and spur hiring in an economy where unemployment is at a 12-year high. The overnight cash rate target was held at 2.5 percent for a 13th month, Governor Glenn Stevens said in a statement today following an…

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RBA Holds Rates at Record Low to Spur Hiring in Slowing Economy

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