RESEND: RBA cuts cash rate to 2%, omits comment on further cuts

Tue, 05 May 2015

(Fixes prior price in 2nd graph) By Jonathan Underhill May 5 (BusinessDesk) - The Reserve Bank of Australia cut its cash rate to a record low, as expected, while avoiding commenting on further cuts. The kiwi dollar traded at 95.52 Australian cents from 96.07 cents immediately before the statement. The RBA said that at today's meeting, the board judged that the inflation outlook "provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand." Heading into today's...

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