RBA says low rates appropriate for 'some time yet'
The Reserve Bank of Australia (RBA) notes in its latest statement on monetary policy that evidence of the effects of a substantial degree of stimulus has continued to accumulate since last August, when the cash rate, the bank’s key interest rate, was lowered to its current level of 2.5%.
“At the same time, the economy continues to face some significant headwinds, with a large decline in capital spending in the resources sector getting under way and fiscal consolidation in prospect,” the bank
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