Australia’s central bank keeps key rate at 2.5 percent, less bullish on China

Tue, 01 Apr 2014

April 1 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at 2.5 percent as expected, giving an assessment broadly consistent with its March statement, while noting slower growth in China and a stronger currency. “Continued accommodative monetary policy should provide support to demand, and help growth to strengthen over time,” said governor Glenn Stevens, reiterating that inflation is expected to be “consistent with the 2 to 3 percent target over the next two years.” “In the board's judgement, monetary policy is app...

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