RBA report says rates may rise again

AUSTRALIA - The Reserve Bank of Australia expressed confidence on Monday that recent market volatility would have only a minor effect on the world economy and signalled it stands ready to raise interest rates again once current uncertainty passes.

In its quarterly monetary policy statement, the RBA confirmed it had left rates on hold in July and August because of the marked deterioration in global investor sentiment and increased uncertainty about the global economy.

But it expressed confidence

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