Australian central bank keeps cash rate unchanged at 2% as domestic inflation remains 'contained'

Tue, 01 Sep 2015

By Jonathan Underhill Sept. 1 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a fourth month, reiterating that domestic inflation pressures remain "contained" and the Australian dollar is adjusting to weaker commodity prices. Governor Glenn Stevens kept much of the previous month's language in his latest monetary policy decision statement. "In Australia, most of the available information suggests that moderate expansion in the economy continues," Stevens said. "While growth has...

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