RBA keeps cash rate at two per cent
The Reserve Bank of Australia on Tuesday kept the cash rate steady at two per cent for the third month in a row, but left the door ajar for a further cut this year.
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Of the 28 economists surveyed by Bloomberg ahead of Tuesday's meeting, only three had tipped a cut, to 1.75 per cent. Interest rate swap market pricing had also discounted any chance of further policy easing at the August meeting.
The central bank last lowered rates a quarter of a percentage point in May, following a similar cut in February after 18 months on hold.
Story first appeared on SMH.com
