Australian rates will not go to zero: central bank chief

Australia is unlikely to follow Europe and the United States and slash its official interest rate to near zero to help prop up the struggling economy, the central bank governor said Friday. The Reserve Bank of Australia (RBA) eased the official cash rate to record low of 2.25 percent last week and more cuts are tipped but Glenn Stevens said a near-zero figure or vast bond-buying -- known as quantitative easing -- was unlikely. "I don't think that we will end in that position," he