RBA keeps policy on hold. Hints at further easing in the near term

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The Reserve Bank of Australia kept its benchmark interest rates steady at 2.25% at its March monetary policy meeting earlier today. Citing a below trend growth, the subdued labor costs keeping inflation in check, the RBA expects the short term inflation to remain consistent over the next two years. The RBA also took notice of a stronger Greenback and noted that although the Australia Dollar declin...

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