Reserve Bank of Australia reiterates stable outlook for interest rates

Tue, 05 Aug 2014

By Jonathan Underhill Aug. 5 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent and reiterated that a "period of stability" in interest rates is warranted given the outlook for inflation. Governor Glenn Stevens released a statement that was little changed from what he said on July 1, although this time he noted an increase in inflation, which he attributed to an Australian dollar that has fallen from its highs of last year. That had been somewhat offset by slower wages growth, he said. The Australia...

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