RBA keeps key rate at 2.25%, kiwi dollar retreats

Tue, 07 Apr 2015

By Jonathan Underhill April 7 (BusinessDesk) - The Reserve Bank of Australia held its cash rate unchanged at a record low, surprising market participants who had been betting on a further cut and driving up the Australian dollar. The central bank kept the cash rate at 2.25 percent in a statement that was broadly unchanged from the views it gave on March 3. Governor Glenn Stevens reiterated that "further easing may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target...

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