RBA keeps cash rate at record low, reiterates view Australian growth 'below trend'

Tue, 04 Nov 2014

By Jonathan Underhill Nov. 4 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate at a record low, where it has sat since August 2013, reiterating its view that the nation's growth will remain below trend, helping keep inflation tame. The RBA kept the cash rate at 2.5 percent, repeating its statement of last month that monetary policy is "appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target." "Overall, the bank still expects growth to be a little below trend for...

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