RBA retains easing bias, watches labour market pickup, financial turbulence

By Jonathan Underhill
Feb. 2 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged, while reiterating an easing bias given weak inflation, and said it will be watching for signs of continued improvement in the labour market and whether financial market turbulence points to weaker global and domestic demand.
"Over the period ahead, new information should allow the board to judge whether the recent improvement in labour market conditions is continuing and whether the recent financial turbulence portends weaker global a...
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