Australia leaves benchmark rate unchanged again

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The Reserve Bank of Australia (RBA) today (March 6) announced it was leaving the country's benchmark interest rate unchanged at 4.25%.

"Recent information is consistent with the expectation that the world economy will grow at a below-trend pace this year, but does not suggest a deep downturn is occurring," said Glenn Stevens, governor of the RBA in revealing the decision.

Stevens spoke of various ups and downs in the world economy of late. With regard to Europe, he said there was "more to do to

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