Australia leaves rates steady

AUSTRALIA - Australia's central bank left interest rates unchanged Wednesday, amid global volatility on the financial markets and warning signs about the strength of the U.S. economic recovery.

The Reserve Bank decision to keep the official cash rate steady at 4.75 percent for a second month was widely anticipated, with the farming sector beset by drought, a housing downturn likely and inflation contained.

Two rises in the last three months have taken interest rates from a historically low 4.25

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