01-09-2015 09:16 via news.yahoo.com

Australia keeps interest rates at record low

Australia's central bank kept interest rates at a historic low of 2.0 percent on Tuesday, playing down recent global volatility as it noted the economy was moderately expanding and inflation contained. The Reserve Bank of Australia (RBA), which last lowered rates from 2.25 percent in May, said the Australian dollar was also adjusting to lower commodity prices as a decade-long mining boom unwinds. "The board today judged that leaving the cash rate unchanged was appropriate at this meeting," RBA g
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