Australia's central bank keeps interest rates at 2.0%

Australia's central bank Tuesday held interest rates at a record low of 2.0 percent, but kept the possibility of further cuts on the table as it monitors the possible negative impact of global market volatility on domestic demand. The Reserve Bank of Australia has slashed the cash rate 275 basis points since November 2011 to boost the economy as its charts a rocky path away from a dependence on mining. The RBA noted signs of improvement in the Australian economy, including recent falls in the jo