RBA keeps cash rate at 2%, reiterates scope for easier policy

Tue, 01 Mar 2016

By Jonathan Underhill March 1 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged, while reiterating an easing bias given weak inflation, showing little sign of having revised its position since last reviewing monetary conditions four weeks ago. Governor Glenn Stevens kept the benchmark interest rate at 2 percent, as expected, reiterating that consumer price inflation is likely to remain low over the next year or two even as the economy continued to expand. "Continued low inflation may provide scope for easier p...

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