RBA hold cash rate at 2.25%, says further easing 'may be appropriate'

Tue, 03 Mar 2015

March 3 (BusinessDesk) - The Reserve Bank of Australia held its cash rate unchanged, having cut the benchmark to a record low last month, saying further cuts may be appropriate to stoke sustainable economic growth. The central bank kept the cash rate at 2.25 percent in a statement that reiterated the view expressed on Feb. 3 that moderate global economic growth seen in 2014 was likely to continue in 2015, with stronger growth in the US and slowing growth in China. "Further easing of policy may be appropriate over the period ahead, in orde...

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