Australia's RBA leaves rate cut on table after March pause

Australia’s central bank has left the door wide open for another cut in interest rates but felt a pause this month was prudent partly due to uncertainty about the behavior of households in a world of very low interest rates. In minutes of the March 3 meeting, when the Reserve Bank of Australia (RBA) surprised some by not delivering a back-to-back easing, the central bank said members saw benefit in allowing some time for the structure of rates and the economy to adjust to the earlier change. �