RBA governor posits positive outlook as rates remain unchanged

The governor of the Reserve Bank of Australia, Glenn Stevens, struck a positive note as he announced the central bank's decision to leave rates unchanged following the latest board meeting.

Highlighting improvements in domestic demand, house prices and the employment market, Stevens said that the current monetary policy positions were "appropriate".

The governor did air a note of caution, however. He said the central bank expects demand to "soften" somewhat in the coming years and that, if

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