Australia’s central bank keeps key rate at 2.75 percent , repeats scope for cut

Tue, 04 Jun 2013

June 4 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at 2.75 percent, saying rates are low enough to stoke growth while repeating that the inflation outlook provides some scope for further cuts. “The Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time, consistent with achieving the inflation target,” governor Glenn Stevens said in a statement. “The inflation outlook, as currently assessed, may provide some scope for further easing, should that be r...

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